Mergers & Acquisitions (M&A) insurance claims payouts have surged in recent years, with 2024 marking the highest year on record for M&A insurance payouts, according to a recent Aon … [Read More...] about M&A insurance payouts hit record highs in 2024, driven by R&W claims: Aon
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M&A insurance payouts hit record highs in 2024, driven by R&W claims: Aon
LexisNexis Risk Solutions introduces new commercial property risk assessment tool
LexisNexis Risk Solutions, a provider of data and analytics for the insurance industry, has released LexisNexis Location Intelligence for Commercial, a tool aimed at improving the assessment of … [Read More...] about LexisNexis Risk Solutions introduces new commercial property risk assessment tool
Hurricane Erick insured losses expected to be contained: AM Best
Insured losses from Mexico’s Hurricane Erick, which made landfall last week, are expected to be contained, with parametric insurance contracts unlikely to be triggered, according to a recent report by … [Read More...] about Hurricane Erick insured losses expected to be contained: AM Best
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S&P upgrades Convex Group entities credit ratings, assigns stable outlook
S&P Global Ratings has raised the financial strength ratings on re/insurer Convex group’s operating companies to ‘A’ from ‘A-‘, and assigned a stable outlook. The companies include: Convex Re Ltd., Convex Insurance UK Ltd., … [Read More...] about S&P upgrades Convex Group entities credit ratings, assigns stable outlook
Canada Life Re to cease new business for US traditional life mortality risk reinsurance
Canada Life Reinsurance, part of financial services holding company Great-West Lifeco, has decided to stop new business for its US traditional life mortality risk reinsurance line, known as U.S. Trad Life, as the firm looks to focus on its core markets. The … [Read More...] about Canada Life Re to cease new business for US traditional life mortality risk reinsurance
Orion180 lifts reinsurance coverage 31% for 2025 hurricane season to $845m
Insurance solutions provider Orion180 has completed its excess-of-loss (XOL) and net quota share reinsurance agreements for the 2025 hurricane season totalling $845 million, which represents a 31% increase from the 2024 programme. The renewed reinsurance … [Read More...] about Orion180 lifts reinsurance coverage 31% for 2025 hurricane season to $845m
Citizens secures $4.49bn risk transfer target for 2025 with lower ROL for new reinsurance
Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, has cited favourable market conditions as it was able to successfully place its target risk transfer programme of $4.49 billion for the 2025 wind season, which … [Read More...] about Citizens secures $4.49bn risk transfer target for 2025 with lower ROL for new reinsurance
Aon’s NFP hires Darrin De Stephanis to drive commercial surety growth
NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has appointed Darrin De Stephanis as Senior Vice President, Capital Solutions and Commercial Surety Growth Leader. Based in Vancouver, De Stephanis will report to Adrian Pellen, … [Read More...] about Aon’s NFP hires Darrin De Stephanis to drive commercial surety growth