News

Insurance

Munich Re-backed insurtech secures investment for climate solution

The solution will address accumulating losses caused by secondary perils.   16 August 2023

Insurance

Hawaiian wildfire likely rendered $3.2bn insured loss: KCC

Over 2200 structures fall within the fire perimeter, and over 3000 total were impacted.   16 August 2023

Insurance

Hawaii wildfire may have taken 2700 structures for near $6bn: governor

Death toll nears 100 and officials warn of further rise from early-stage search efforts.   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

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

Hawaiian wildfire may have over $3bn of structures in harm's way

Local authorities have already confirmed 55 fatalities in the event.   11 August 2023

Insurance

QBE cat losses and new reserves boost combined ratio to a full 98.8%

North American commercial operations slip to outright loss on the H1 nat cat hit.   11 August 2023

Insurance

Allianz takes rate to catch inflation & push Q2 P&C margins

Allianz claimed 7.4% rate change on renewals after 6M, up from a 5.6% gain at end-Q1.   10 August 2023

Insurance

Munich Re-backed insurtech At-Bay transitions to full-stack E&S carrier

It secured an AM Best rating of A- with stable outlook in April.   10 August 2023

Insurance

Lancashire plans US company in early 2024

It will operate under a delegated underwriting arrangement with Lancashire UK.   10 August 2023

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