Moody’s Ratings has issued a stable outlook for the US life insurance sector in 2025, citing steady economic growth, and sustained high interest rates as key drivers. Moody’s forecasts that the US economy will grow at a pace of 2% in 2025 and 1.8% in 2026, while also expecting long-term interest rates to remain elevated. […]
Archives for December 2024
American Integrity Insurance appoints Jon Ritchie as President
American Integrity Insurance Group, a provider of residential property insurance in Florida, has announced the promotion of Jon Ritchie to President. Ritchie, who joined the company in 2019 as Chief Operating Officer, has reportedly been instrumental in driving American Integrity’s growth and success, thanks to his leadership and strategic vision. In his new role, the […]
Trustees urged to look beyond price when selecting insurers: Hymans Robertson
A new paper from Hymans Robertson, a leading pensions and financial services consultancy, advises trustees of defined benefit (DB) pension schemes to look beyond price when selecting an insurer for buy-in or buy-out transactions. While cost remains a critical factor as schemes approach buy-out and wind-up, the report highlights the importance of considering non-price factors […]
European insurers set for acquisitions in 2025 amid market shifts: Bloomberg Intelligence
A recent report from Bloomberg Intelligence (BI), the research division of Bloomberg, European general insurers’ debt-to-equity ratios indicate that they have the financial capacity to pursue acquisitions in 2025. These acquisitions are expected to focus on strengthening existing market positions, much like the moves made by Generali and Sampo this year. This cautious strategy likely […]
Jump Start Your Health Insurance: Covering Pre-Existing Conditions
It’s not always easy to find the right health insurance plan for your needs, but we’re here to help. If you have pre-existing conditions that are looking for a way to cover them from day one, then this post is for you. Health Scout has some of the best deals on health insurance plans with […]
BMS adds three new senior hires to energy team
BMS, an independent insurance and reinsurance broker, has announced the appointment of three new senior energy industry experts to its fast-growing energy team in London: Charlotte Marsh, Jack Palmer, and Toby Hanington. Marsh, who has been appointed divisional director, is joining BMS Energy from Price Forbes and brings to her new role a decade of […]
Fortegra announces launch of new UK subsidiary
The Prudential Regulation Authority (PRA) has granted Fortegra, a global specialty insurer and subsidiary of Tiptree, approval to establish Fortegra Insurance Company UK, its new subsidiary in the United Kingdom. Fortegra has established a strong reputation in the Managing General Agents (MGAs) and Managing General Underwriters (MGUs) market. This success is driven by their rigorous […]
NFIP claims paid for hurricane Helene flood losses rise to more than $1.4bn
The U.S. Federal Emergency Management Agency (FEMA) has reported that as of November 12th, 2024, more than 56,000 policyholders have filed claims following the landfall of hurricane Helene, with National Flood Insurance Program (NFIP) payments to policyholders for flood losses from the storm now above $1.4 billion. In late October, FEMA reported that NFIP policyholders […]
ASR Syndicate 2454 to begin operating through its service company in Dubai
Africa Specialty Risks (ASR), an African and Middle Eastern re/insurance group, has confirmed that ASR Middle East has commenced operating as a Lloyd’s service company, which allows it to underwrite in Dubai on behalf of ASR Syndicate 2454, the first African focused syndicate at Lloyd’s. ASR Middle East particularly focuses on MEA business produced in […]