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French InsurTech Seyna raises EUR33mn in Series A

Seyna has now raised EUR47mn to date and will deploy the funding to launch the InsurTech’s platform across Europe.

Aisling Finn, 10 February 2022
UK trade credit an outlier class with rising limits: Aon report

The broker’s report highlighted that trade credit underwriting is considered “flexible”, with limits increasing and coverages broadening in this class.

Luke Harrison, 10 February 2022
Lloyd’s entrant MIC Global aims to provide insurance ‘for a dollar’

The company said that it was creating a new product for customers underserved by traditional insurers.

Samuel Casey, 10 February 2022
Everest’s Williamson: Casualty ceding-commission increases still ‘reasonable’

The reinsurer added $280mn in casualty pro rata premium in Q4, a 60% jump, while growing casualty XoL writings by 37%, or about $84mn in new premium.

James Thaler, 10 February 2022
Group CUO Western departs MGA Optio

Paul Western joined the business when the MGA group was in the early stages of formation in 2019.

Catrin Shi, 10 February 2022
Everest Re predicts June ‘opportunity’ amid dislocated retro market

The exit of key Florida insurers could spur rate increases.

Martha Muir, 10 February 2022
Beazley CEO hails ‘extraordinary’ year for cyber as GWP nears $900mn

Beazley’s Smart Tracker syndicate also reported a 49% increase in GWP to $198.2mn as the company pushed ahead with top-line growth across the board.

Luke Harrison, 10 February 2022
Hagemann Snabe steps down from Allianz SE board

Snabe stepped down following concerns he sat on the boards of too many organisations including Siemens, AP Moller-Maersk and the World Economic Forum.

Aisling Finn, 10 February 2022
Cyber threats more dangerous and destructive than ever: Tokio Marine

In the past year, criminals held more than $600mn in ransom, stole millions of citizen records, compromised a billion airline-passenger details and threatened the IT operations of 40,000 businesses.

Aisling Finn, 10 February 2022
Mapfre triples Q4 profits to EUR240.8mn

The carrier’s reinsurance unit upped profits by 53%, with reduced expenses benefiting the combined ratio.

Samuel Casey, 10 February 2022

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