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S&P upgrades Zurich Insurance rating to AA
The ratings agency said Zurich Insurance’s financial performance was “sustainably improved” and gave the rating a stable outlook.
Anna Sagar
,
16 March 2021
Near 60% of Bermuda P&C insurers have not adapted strategy for climate change
A survey from the Bermuda Monetary Authority found almost 60% of P&C insurers have not changed their business strategy in response to climate change.
Fiona Robertson
,
16 March 2021
Steamship Mutual and Axis join forces to offer cyber marine cover
The insurance coverage aims pay for the costs of a vessel being put out of service by cyber attacks.
Bernard Goyder
,
16 March 2021
PartnerRe completes $200mn preference share deal
The securities have a coupon of 4.875%.
Bernard Goyder
,
15 March 2021
Willis wins PHI Group account from AJ Gallagher
The broker adds a mandate worth $10mn in premium after its Bristow Helicopter win.
Anna Sagar
,
15 March 2021
Aon-Willis: ‘Three to two’ in reinsurance?
Reinsurance is one of the areas of the combination that is drawing heightened regulatory scrutiny.
Adam McNestrie
,
15 March 2021
Talanx expects EUR300mn in Covid-19 claims this year: CFO Wicke
Life reinsurance, especially in the US, is expected to be the biggest source of the losses.
Anna Sagar
,
15 March 2021
Allianz and Axa take key roles in $600mn fundraise by FinTech Stripe
$600mn round values Stripe at $95bn making the company one of the world’s most valuable private companies.
Bernard Goyder
,
15 March 2021
Ryan Specialty confirms Ryan Re leadership group
Brian Boornazian will take on the role of executive chairman, with Emil Issavi as CEO.
Fiona Robertson
,
15 March 2021
Renewable rates need up to two years of further growth: GCube’s McLachlan
The MGA CEO says deductibles in North America need to rise as much as five-fold given an increase in claims frequency and severity.
Anna Sagar
,
15 March 2021
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