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Montague and Rcapital complete UK General Insurance MGA acquisition

The investors have also purchased MGA service company Precision Partnership, and the firms’ leaderships will be combined.

Samuel Casey, 26 October 2022
Australian regulator calls for risk management review after Covid BI fiasco

A self-assessment carried out by 10 insurers identified several key failings in exposure management, the watchdog said.

Samuel Casey, 26 October 2022
In Partnership with

[LISTEN] Rod Fox, Executive Chairman at TigerRisk Partners

In this episode, Rod Fox offers insight on how he applied his sports coaching experience to the business world, and his vision of seeing reinsurance coverages becoming more liquid, tradeable investments.

26 October 2022
Global insurance prices rose by 6% on average in Q3: Marsh

Cyber saw the biggest increase in the quarter, while financial and professional lines saw a slight reduction.

Aisling Finn, 26 October 2022
Assurant pegs Q3 cat losses at $124mn, mostly relating to Ian

The charge included the carrier’s $80mn retention and $35mn of reinstatement premiums.

Samuel Casey, 26 October 2022
Chubb takes $975mn Q3 hit on net Ian losses

The insurer takes a $1bn retention on US losses but could have made some reinsurance recoveries.

Fiona Robertson, 26 October 2022
Stonegate BI verdict: Disaster avoided, but more pandemic losses loom

Many policyholders are likely to receive larger payouts following the judgement, but a worst-case scenario has been averted.

Samuel Casey, 26 October 2022
Climate change tops 2022 global risk rankings: Axa

Survey respondents expressed declining trust in authorities to face the climate crisis, with only 14% of experts and 27% of the general public saying they were prepared.

Kyoung-son Song, 25 October 2022
Keese pledges Lloyd’s support for European partners in ‘multi-crisis moment’

The CFO said European customers must present plans based on “experience” and not “optimism”.

Rachel Dalton, 25 October 2022
Vesttoo raises $80mn in Series C funding and hits $1bn valuation

The company will use the funds to expand its global presence, enhance its marketplace platform and widen its offering.

Samuel Casey, 25 October 2022

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