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Carbon credit insurer Oka to launch Lloyd’s SIAB in 2024 managed by Asta

The business was launched earlier this year with $7mn of seed funding from Aquiline.

Samuel Casey, 17 October 2023
Cybercriminals refining attack methods, backups often fail to restore data: studies

Two studies have found that, while almost a third of back-up attempts fail to restore system data after a ransomware attack, cybercriminals are refining their methods.

Hal Stucker, 17 October 2023
Ferma aims to enhance advocacy and leadership role under Hedemark

The federation’s new president Charlotte Hedemark has succeeded Dirk Wegener.

Rachel Dalton, 17 October 2023
Ki adds Travelers and Aspen capacity from January 2024

The company said Ki is the first algorithmic underwriter to offer capacity from multiple syndicates.

Rachel Dalton, 17 October 2023
BP Marsh first-half NAV up 13.2% to £203.5mn

The investment firm posted a consolidated profit of £15.6mn for the first six months of the year.

Rachel Dalton, 17 October 2023
The Insider Progress C-suite roundtable: Three key takeaways on culture

Investors are beginning to push insurers harder to deliver on diversity and inclusion, but the culture around speaking out and recruiting talent suggests new ideas or broader execution is needed.

Catrin Shi, 17 October 2023
Beazley’s US E&S arm launches with AM Best A rating

The rating reflects “the entity’s role and strategic importance to Beazley as an excess and surplus writer in the United States”, AM Best said.

Kyoung-son Song, 16 October 2023
LSM appoints RSA’s Furlan to head casualty for Europe

Furlan has spent nearly a decade at RSA.

Jai Singh, 16 October 2023
Allianz retains top spot as Europe’s largest non-life insurer in 2022: AM Best

The top five insurers on the continent maintained their ‘clear dominance’ in terms of scale.

Samuel Casey, 16 October 2023
Insurance sector welcomes withdrawal of draft reporting rules

The proposals, published in July, would have placed additional reporting burdens on large UK firms.

Rachel Dalton, 16 October 2023

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