News

Insurance

Homeowners of America hit in Vesttoo collateral scam, plots legal steps

The Porch Group unit had been able to grab some funds from a reinsurance trust early on.   14 August 2023

Insurance

Talanx ups primary insurance margins, grows double-digit in industrial

Growth follows ‘strong’ gains in commercial, ‘more deliberate’ action in specialty.   14 August 2023

Insurance

Aon strikes back at Vesttoo; names $137m losses in collateral scandal

Some 21 deals for Beazley, Allianz, Clear Blue, Convex, Chaucer, SiriusPoint, others hit.   14 August 2023

Insurance

Gallagher unveils reshuffle in Global Broking and Gallagher Re

Two senior roles have been filled internally by the broker.   14 August 2023

Insurance

Allstate losses stack up too high: S&P cuts ratings

Continued cat losses remain a big threat in H2 as Allstates heads for deepened losses.   14 August 2023

Insurance

Liberty Mutual bolsters US footprint with double promotion

The insurer has aspirations to grow its US middle market business.   14 August 2023

Insurance

Vesttoo scandal could shake up fronting and rejig their reinsurance

A prior drift into captive and unrated reinsurance cover could unwind under pressure.   11 August 2023

Insurance

New CEO at Vesttoo sets new course for the courthouse

The scandal-ridden insurtech vows broad legal action to clear its name, recoup damages.   11 August 2023

Insurance

Munich Re on track for 25% growth targets in specialty insurance

Margins can still enjoy untapped synergies in underwiring, sales, claims and more.   11 August 2023

Insurance

Brookfield Re will join the $100bn club on Argo & AEL buys

Re/insurer says it will be a leading US annuity originator after close of AEL purchase.   11 August 2023

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