Insurance

Swiss Re added $2bn+ to casualty reserves over 2023

The carrier added casualty reserves of more than $500mn during Q4.

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Skuld confirms buy-back option for certain war risks

The carrier issued notice of cancellation on certain war risks on Monday.

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IAG books A$521mn H1 losses, erodes agg deductible by A$250mn

The Australian carrier has a full-year natural peril budget of A$1.09bn.

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Lockton takes Arch Re's Ross to establish NA construction casualty offering

Ross' appointment marks the first of four hires to the new business lines.

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Mapfre Re shuts down in Chile, transfers operation to Colombia

The move followed efficiency considerations and the current state of the Chilean market.

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QBE lowers limit on worldwide cat treaty by $400mn for 2024

The Australian insurer will have $1.7bn of core XOL cover this year.

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Enstar builds 1.7% position in up-for-sale James River

Enstar acquired 637,640 shares of James River in Q4 last year valued at nearly $6mn.

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Under New Owners, Florida’s TRUE Gets Slight Downgrade, Withdraws from AM Best

Six weeks after Trusted Resource Underwriters Exchange, a Florida-based reciprocal property insurer,...

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Cyber Risk Management Specialist KYND Secures New Funding for Global Growth Plans

KYND, the London-based provider of cyber risk management solutions, has disclosed “a substantial i...

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JPMorgan, State Street Quit Climate Group, BlackRock Steps Back

JPMorgan Chase’s and State Street’s investment arms on Thursday both quit a global investor coal...

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Ares Leads $3.3 Billion Private Loan for UK Insurance Broker Ardonagh at Low Rate

Ares Management Corp. is leading a $3.3 billion private credit loan for UK insurance broker Ardonagh...

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MCI Syndicate-in-a-Box Gets Lloyd’s Nod to Provide Clinical Trial Funding Insurance

Asta, through its third-party managing agency at Lloyd’s, announced the “in-principle” approva...

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West Texas Has More Fatal Crashes Than State Average, Report Finds

ODESSA — Severe and fatal vehicle crashes occur at a higher rate in the Permian Basin than the res...

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Wisconsin Assembly Passes Amendment Limiting DEI Efforts

MADISON, Wis. (AP) — A constitutional amendment supported by Republicans that attempts to limit di...

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February Tornadoes in Wisconsin Caused $2.4M in Damage

EVANSVILLE, Wis. (AP) — The first ever tornadoes ever recorded in Wisconsin in the usually frigid ...

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People Moves: Leif Assurance Hires Gulli and Kay as Marketing Specialists

Leif Assurance, headquartered in St. Louis, hired Lauren Elizabeth Gulli as brand marketing speciali...

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TWIA Committee Recommends $6.5B as PML for 2024 Storm Season

The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee met on February...

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5 new partnerships and acquisitions prioritize tech for insurers

Travelers, Nationwide and Aon lead a collection of new partnerships and acquisitions that will lever...

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Ex-Kersey underwriter Joyce resurfaces at Brit

The senior energy underwriter exited amid a strategic pivot at the MGA.

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Marsh confirms D&O Echo facility with $75mn capacity

Insurance Insider reported last year that the facility was relaunching.

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Alchemy continues energy build-out with Beazley’s Green

The MGA previously hired Sara Valentine from Brit to launch in energy.

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