News

Insurance

RenRe’s $3bn Validus deal: global status soars, but volatility looms

Moody’s warns on volatility as RenRe ascends to top five P&C reinsurer with the deal.   24 May 2023

Insurance

AIG senior exec leaves for Ascot to lead large public D&O strategy

The hire spent nearly a decade with AIG in a range of financial lines roles.   24 May 2023

Insurance

UK motor policy inflation accelerates again, distancing claims costs

Cumulative policy price gains since pandemic have beaten a straight blend of costs for 4M.   24 May 2023

Insurance

RenRe prices SPO for $1.2bn to $1.4bn gross to launch Validus Re funding

New shares, at 15% of current equity, provide ca. half of the Q4 payment.   24 May 2023

Insurance

WTW launches first-of-its-kind solution to fill ‘critical’ coverage gaps in intangible risks

Tokio Marine Kiln (TMK) is the carrier partnering on the solution.   24 May 2023

Insurance

Munich Re and former Allianz CEO invest in travel insurtech start-up

Munich Re Ventures backs its $10m Series A, joins board of directors.   24 May 2023

Insurance

RenRe O’Donnell puts money where his mouth is: $2.5m into Validus Re deal

RenRe CEO seeks to ‘demonstrate conviction that the deal will deliver material value.’   23 May 2023

Insurance

Gallagher, Markel, NFU, Skyline pilot innovative parametric insurance

It is designed for the agri and horticulture sectors facing climate-related losses.   23 May 2023

Insurance

Florida’s Orion180 secures $455m XoL reinsurance amid hard market

The backstop supports its ‘aggressive’ growth strategy in the Southeast personal lines market.   23 May 2023

Insurance

Mid-year renewals look orderly as cedents fall in line

New capital flows aren’t enough to turn the tide on rising demand for the foreseeable future.   23 May 2023

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