Brought to you by: Home / International. Latest news from the marine insurance sector. Carbon’s Card: 35% SIAB expense ratio a “challenge”, Efficient and innovative MGA model drives strong growth in US program sector: Jameson, E&S barriers to entry will limit impact from start-up capital: Iglesias, Caribbean reinsurance-buying habits evolve in light of losses: Swiss Re’s Müller, Insurtech valuations soar with investors hungry for more Hippos, Florida carrier annual statements reveal 2020 pain. 28 categories cover general insurance, SMEs, claims specialists, brokers, underwritersâ ¦ 15 Sep 2021 London, UK To see how, and to learn how to control cookies, Collins succeeds Francie Starnes, who will remain as chief executive emeritus throughout 2021. HCI open to IPO or SPAC deal for TypTap: Patel, Relation expands into Texas and Arkansas with three acquisitions, Helios prepared to “ruffle feathers” as it moves to secure deals, Africa Specialty Risks hires Brit’s Way for in-house pricing, Vantage adds former Brit exec Quigley to growing insurance ranks, City of London Mayor: Lloyd’s can lead Square Mile’s pandemic recovery, Lloyd’s hails “key milestone” in Blueprint Two as first version of CDR launches, Abry leads $350mn capital raise as Aquiline-owned ERS launches Bermuda platform, Channel Syndicate returns to 2020 profit as CR falls to 96%, LSM reports £201mn profit at Syndicate 4472 as CR improves to 98.6%, BRP generates 17% organic growth in record revenue quarter, Lockton adds Tran to growing Washington office, Beecher Carlson names Lo and Swinford joint multinational heads, Aon warns of prolonged loss development from US winter storms, Hannover Re uses $15bn industry loss scenario as guide for Uri estimate, AccuWeather US winter storm damage estimate soars to $155bn, Demotech and AM Best act on AmCap ratings after surplus drops 64% in 2021, Darag returns to its Northern European heartland with €180mn Protector deal, Darag confirms takeover of SunPoint from Fosun, Gallagher Re targets legacy opportunities with Rothseid hire, RiverStone inks ~£370mn RITC with Hamilton and Liberty for Pembroke back years, Enstar provides ADC for $1.395bn Axa XL long-tail portfolio, Premia to acquire Armour as PE owner Aquiline rolls investment. Commodities Trader Mercuria Buys $36M of Copper, but Gets Cargo of Painted Rocks. Tuna fishing vessel runs aground off Mauritius March 9, 2021. Into the ashes: An in-depth look at Phoenix and Standard Life. Etihad Airways Extends Global COVID-19 Insurance. Money; Insurance; RAC launches worldwide car hire excess insurance: should you get it? Uncertainty continues to surround the total cost of last month’s winter storm activity across large parts of the US, which will result in a record industry loss for the peril. The number of motor insurance claims settled by UK insurers fell by 19 percent during 2020 in response to the drop-off in driving activity brought about by the Covid-19 pandemic. UK broker consolidator Global Risk Partners (GRP) has continued its recent run of acquisitions with a deal to purchase the entire share capital of Lawrence Fraser Brokers. By Brean Horne 12 Aug 2019. Stay informed and up to date on the latest expat news from around the world. The latest UK general insurance news for insurers, brokers and service providers. please read our, Association of British Insurers (Press Release), Flooding prompts Hawaii Emergency declaration, evacuations ordered, QBE promotes Cécile Fresneau to run insurance division, Allianz Risk Consulting names global head, Berkshire Hathaway Specialty Insurance appoints Anthony Tatulli to lead North American, Iais ‘committed to’ 2024 Insurance Capital Standard implementation, AXA XL's Construction Ecosystem honored with Celent Model Insurer of the Year Award, US and Canadian M&A deal volume hit record highs in late 2020 – Marsh, $245M Insurtech Funding Wrap-Up: Corvus, AgentSync, Cowbell Cyber, WeLab, Hi Marley, Coalition, Swiss Re Corporate Solutions extend cyber insurance partnership, Union Raises More Than $61K for Injured Shipyard Worker in Maine, The MEMIC Group Promotes Funk to President of the Eastern Region, Fitch Cautious, but Hartwig Predicts ‘Isolated’ Impact From COVID Business-Interruption Claims, Cowbell Cyber raises $20 million in Series A funding, P/C Insurers Improved Profitability in Year of Coronavirus: AM Best, The Week in 90 Seconds: Renewals previews, Convex’s Brand, Fidelis’ Brindle, Howden rolls out Long Covid support service, Purdue Pharma’s Sacklers Increase Opioid Settlement Offer to $4.3B: Reuters, COVID-19: HMCTS publishes weekly management information (March 2020 to February 2021), Zurich cedes 10% more premium ($8.6bn) to reinsurance & retro in 2020, Esure Group sees pre-tax profits rise to £34.2m. Aon-WTW one year on – will pragmatism get the deal over the line? All the latest SSP press releases, covering our latest broker, insurer, MGA and IFA partnerships, inside news and product announcements. International Private Medical Insurance Magazine News Menu . Please try different keywords. Find out about worldwide expat news here. No code technology – an untapped opportunity for the insurance sector? Olga Collins. BBC News provides trusted World and UK news as well as local and regional perspectives. Expert comment and analysis on the latest UK news, with headlines from England, Scotland, Northern Ireland and Wales. As with much in life over the last 12 months, Aon’s announcement of an agreed deal with Willis Towers Watson (WTW) seems like an age ago and yet only yesterday, as time continues to distort during the Covid-19 pandemic. The sun sets on a Saga cruise ship Image caption: The sun sets on a Saga cruise ship. It could save you hundreds compared with buying at the rental desk. EXISTING CUSTOMERS Make a Claim 24 Hour Assistance … HomeBreaking News Worldwide Broker Network taps Beecher Carlson executive as CEO. Welcome to TheInsurer.com. The British Insurance Awards. Go to Insurance News Home Page. Latest insurance market news Beazley launches SPAC D&O underwriting initiative. International General Insurance (IGIC): Q4 Non-GAAP EPS of $0.09 misses by $0.08; GAAP EPS of $0.22 beats by $0.05.Net premiums earnedof $73.9M (+27.2% Y/Y)Press Release International. Posted at 14:5114:51. Click to get a sign-in link sent to your email. Florida homeowners specialists await fate as Demotech assesses 2020 damage. Can cedants aggregate their Covid-19 losses arising from the first and second lockdowns? This site, like many others, uses small files called cookies to ensure that we give you the best experience on our website. Wales lockdown rules: What are the latest 'stay local' restrictions? The 56th International Insurance Society (IIS) Global Insurance Forum is taking place on June 8 – 10, 2020 in New York and will bring together thought leaders from all sectors of insurance and all regions of the globe to discuss the future of the insurance industry. SubscribeInternational ... Insurance News. 5 Ways To Support Employees’ … Video content. Zurich to develop ESG underwriting targets in net-zero push, KBW raises Generali price target on improved “financial flexibility”, GRP adds commercial broker Lawrence Fraser, Motor insurers get boost as lockdowns spur 19% plunge claims, Argo delays Kirk arrival as CFO until after delayed 10-K is filed, Pool Re adds Axa’s Gienal and NHBC’s Rubenstein to board ahead of HMT review, Lancashire prices $400mn subordinated note offering, Epic adds Live Nation’s Lawson to growing contingency team, Commercial insurance rate rises fluctuate in February: Ivans, Leadenhall steps up ESG focus as it develops new criteria for counterparties, Regulatory pressure on climate risk is a positive for (re)insurance sector: Moody’s, Insurers urge regulators to look beyond pricing in assessing underwriting climate impact, Marsh hands Barnes sustainability and climate leadership role, Airmic’s Ludlow: Underwriting exclusions not the answer to climate risk mitigation, ABI launches climate change committee under Briggs, The Insurer TV: Large carriers set to lead ESG integration into underwriting decisions, The Insurer TV: “Regulators will write the rules” around ESG, Aviva issues an ESG call to action as it unveils bold net zero strategy, Twelve Capital: (Re)insurers can improve access to capital by embracing ESG, Scor adds Le Gall-Robinson to executive committee, Geneva Association launches industry climate change task force, The Insurer TV: Embrace ESG or your reputation may be at risk…, Insurers “well equipped” to handle climate change risks: Fitch, Insurers must take “leadership position” in ESG reporting: City minister, Eiopa’s Bernardino says EU determined to improve ESG disclosures, ClimateWise: Regulatory pressure will drive insurers’ ESG disclosures, Leading Voices with Neil Eckert and Trevor Carvey of Conduit Re, Accredited’s Campbell to take reins at Builders Insurance Group, ISC looks to build $750mn-$1bn business by 2025 with KKR backing, KKR to acquire majority stake in insurtech MGA platform ISC, McGowan strengthens LPL position with Couch Braunsdorf deal, XPT’s Sierra Specialty launches nationwide agri-business program with Watford, SPG promotes PPIB’s Preston to new development role, Nationwide-Paragon will look to broaden partnership after property E&S agreement, CRC adds Aspen’s Bonds to lead exclusive property products, New programs push Accredited 2020 contracted premium to $1.28bn, Axa replaces Swiss Re as main capacity provider for MGA Ensurance, Fortegra adds to E&S build-out with Rockwood professional liability program, AmRisc targets further growth with Transverse and GeoVera capacity, Paragon in shared and layered E&S property tie-up with Nationwide, Applied UW adds admitted carrier and positions TIC for E&S push, Obsidian gains early traction with aggregators, Conway takes MGA program role at Acrisure Re, Trisura reveals strong growth in US hybrid program fronting platform, Ambac officially launches $100mn+ program carrier Everspan with A- rating, Cyber specialist Resilience adds Beazley and Axa XL underwriters. By clicking "OK" or continuing to use this site, you agree that we may collect and use your personal data and set Three insurance industry-related companies announced go-public transactions through special purpose acquisition company (SPAC) combinations last week, with no sign that the surge of investor interest in the vehicles will lose momentum, helping to drive sky-high valuations. Ensure Group secures £34.2m pre-tax profits, Remote technologies keep claims adjusters working, Motor insurance claims fall due to lockdowns, says ABI, XPS reveals largest ever monthly fall in transfer values, Hiscox names Isha Patel head of direct commercial, California accuses motor insurers of overcharging, Premium taxes could be ‘revisited’ as IPT raises £6.5bn, NFU Mutual appoints sales and agency director, US p/c insurers’ underwriting profit rises 68% in 2020, France’s AXA Drops German Power Giant RWE as Client over Large Coal Operations, Lockdowns drive 19% fall in UK motor claims, Axa lines up Gosset-Grainville to become chairman, AXA announces new chairman to replace Duverne in 2022, Elon Musk to launch insurance in three more states, Axa names Gossett-Grainville to succeed Duverne as chairman, Hiscox promotes Isha Patel as head of direct commercial in UK, Winter weather poised to exceed a record 10bn in losses, Insurer Sanlam Braces for More Virus Waves in South Africa, Lloyd's reaches key milestone in shift to digital ecosystem, Allianz prepares to vaccinate employees against Covid-19, Aon says winter storm losses to hit record level, warns of climate effect, New entrants to HNW market set to cause ‘disruption’ – Criterion, Businesses told to take off Covid blinkers and consider longer term risks, Motor insurance payouts fell by 6% in 2020 due to lockdown impact, Fidelis near doubles top line in ‘transformational year’, Swiss Re extends support for cyber specialist Coalition, AM Best revises QBE credit outlook to negative, IGI swings to $4.2mn operating profit in Q4, IGI Q4 operating result swings to $4.2mn operating profit, IGI’s income more than doubles on improved underwriting, Florida Regulator to Hold Hearing for Proposed Citizens’ Rate Increases, Oklahoma Contractor Again Cited for Trenching Hazards, Fined $205.5K, Hamilton Reappointed as Texas Public Insurance Counsel, Security Firm to Pay $110K in Louisiana Pregnancy Discrimination Lawsuit Settlement, Relation Insurance Services Enters Arkansas with Agency Asset Acquisition, AXA Partners and Ancileo renew strategic partnership to foster innovation in the Travel industry, Insurance Safety Institute Finds Adaptive Cruise Control Raises Fatal Crash Risk, Transactional Risk Insurance Hits Record High Despite Pandemic: Marsh, Generali secures profitability despite COVID-19 impact, South Dakota Senate Pushes Permissive Medical Pot Law, Defying Governor, Lawmakers Hear New Pitch for Medical Marijuana Legislation in Nebraska, Former California Firefighter Faces Workers’ Comp Fraud Charges, CRC Group, Pan-American Benefit Solutions to Offer Workers’ Comp to Trucking Industry, Adaptive Cruise Control Raises Crash Risks, U.S. Study Finds, For the record: Wilson’s insurtech Abacai acquires Dayinsure; 250 job losses at BGL; GRS recruits Advanta team; and, Blog: Lessons from lockdown – a ‘generational’ shift in attitudes to mental health, Pandemic lockdowns lead to fall in motor insurance claims in 2020, Munich Re expects market-wide standard for cyber war exclusions to emerge in 2021, Life Insurance: Pvt insurers see strong growth in premiums, Alera Group Acquires Behling Insurance Agency in Utah, State Farm Returning $400M to California Auto Customers, Report: more insurance M&A activity in 2020 than anticipated, Aon estimates winter weather economic loss to exceed $10bn+, StockWatch: Argo rally continues for fifth week, Insurance premium tax raised £6.5bn in 2019/20, 'Brokers are critical to restoring policyholder trust’, Hertz Sued by Michigan Man over Receipt That Cleared Him of Murder, Louisiana Woman Accused of Selling Fake Auto Policies on Facebook Marketplace, California Commissioner Says Insurers Overcharged Drivers During Pandemic, Nashville Looks to Settle Fatal Police Officer Shooting for $2.3M, Big Businesses Back South Carolina Hate Crime Bill, Marine war market pushes rate after $60mn Israeli ship loss swerved, Lawsuit: Paraplegic Inmate Denied Shower for 5 Months in St. Louis Jail, 4m Items Lost, Stolen or Damaged During Home Moves Last Year, Insurers, Reinsurers Prepare for Battle Over UK COVID-19 Business Payments, Facial Recognition Company Sued by California Activists, Minnesota Insurance Licensing Exams Now Available Online, Families of Boeing Crash Victims Renew Push for FAA Changes, Monte Carlo RVS opens for 2021 registrations, Lawsuit Against Reno Over Flooding of Homes Now in U.S. Court, EDPB discusses EU-UK adequacy decisions and publishes details of its 46th Plenary Session, School Open After Accidental Explosion; Teen’s Dad Charged, Town North of Honolulu Evacuated as Stream Floods, Monte Carlo Rendez-Vous 2021 opens for bookings, PLSA response to the DWPs climate risk consultation, Esure swings back to profit as insurer aims to ‘leapfrog’ rivals, Homeowners’ Suit of Reno Over Flooding Now in U.S. Court, California’s Five Largest Counties Forecast Looser Virus Rules, Overhaul of UK product safety regime: OPSS call for evidence, New content: whistleblowing policy for financial services firms, EDPB statement on COREPER's negotiation mandate on draft E-Privacy Regulation, Philadelphia Doctor Charged in Accidental Overdose Death of Patient, Google Hires Deloitte’s Walsh to Lead North American Insurance Business, Aviva increases tender offer to GBP1 billion amid strong demand, When hairdressers will open in Wales and the other lockdown rules easing. UK GDP shrinks 2.9 pct amid pandemic lockdown, drop in exports to EU due to Brexit, Sarah Everard: Human remains confirmed as those of missing woman, Human remains found in Kent confirmed as Sarah Everard, Reclaim These Streets organisers seek legal challenge over ‘about-face by police’, Organisers of Sarah Everard vigil challenge Met's decision to ban it, Novavax Covid vaccine prevents 100% of deaths from UK and South African variants in trials, Novavax's COVID-19 vaccine was 89.7% effective in a large trial, and worked against the, Nigeria: Gunmen storm college, abduct several students, Gunmen abduct at least 30 students from school in northwestern Nigeria, England's Covid-19 infections continue to fall, hitting lowest rate since September as country prepares to leave, UK forced to delay checks on imports from EU by six months, More countries suspend AstraZeneca COVID-19 vaccine over clotting cases, Bulgaria latest to halt AstraZeneca vaccine; WHO says no need, Biden holds first summit with leaders of ‘Quad’ to counter China, Biden says free Indo-Pacific essential as he meets India, Japan, Australia leaders, With eyes on energy, Turkey resumes official contacts with Egypt, Turkey says first diplomatic contact held with Egypt since 2013, Van cars with insurance for sale in London, Cars with insurance for sale in Birmingham, Van cars with insurance for sale in Birmingham, Cheap cars with insurance for sale in London, Cheap Van cars with insurance for sale in London, Cheap cars with insurance for sale in Birmingham, Cars with insurance for sale in Manchester, Van cars with insurance for sale in Manchester, Gold cars with insurance for sale in London, Minibus cars with insurance for sale in London, Insurance Business Analyst jobs in London, Taxi cars with insurance for sale in Birmingham, The body found hidden in woodland in Kent has been identified as that of Sarah Everard, UK exports to the EU have plunged by £5.6bn in the first month since Brexit, Royal Mail is to trial Sunday parcel deliveries, Netflix has confirmed a crackdown against password sharing, A Premier League manager is reportedly set to leave his job after four years in charge, Hairdressers will open from Monday under lockdown easing plans in Wales, Forgot your password? International & Reinsurance News. The latest news from the global marine insurance industry. All rights reserved. Attracting 2,000 guests from all over the country, the BIAs are truly a night for the whole insurance community. KBW has lifted its target share price for Generali after the Italian insurer announced a return to shareholder payouts and beat projected profit forecasts for 2020. Earthquake survivor in his 70s found after 33 hours. How Dangerous Is Japan’s Fukushima Nuclear Plant After 10 Years of Cleanup? With around half of the 40+ specialist Florida homeowners carriers rated by Demotech yet to be affirmed as the ratings agency continues its year-end review, analysis of annual statements by The Insurer reveals worsening pain for underwriters, with aggregate operating losses increasing five-fold. The increasing interest in insurtechs from SPACs marks the inevitable convergence between the capital markets’ current biggest craze with an area of the insurance market that had already been attracting increasing levels of funding at eye-watering multiples.