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Linda

UNDP, TNFD, KPMG launch ‘NATURE-INSURE’ to tackle biodiversity risk

06/30/2025 by Linda

UNDP’s Sustainable Insurance Forum (SIF), the Taskforce on Nature-related Financial Disclosures (TNFD), and KPMG have partnered to launch a new global programme, ‘NATURE-INSURE’, to strengthen supervisory responses to biodiversity risk. Biodiversity loss and ecosystem degradation are quickly becoming significant issues for financial systems. NATURE-INSURE seeks to enhance supervisory abilities, encourage nature-aware oversight, and raise awareness […]

Filed Under: Carrier, P&C Insurance

M&A insurance payouts hit record highs in 2024, driven by R&W claims: Aon

06/27/2025 by Linda

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 study. The research highlights a significant increase in claims activity related to Representations and Warranties (R&W) insurance, also known as Warranty and Indemnity (W&I) insurance. Aon’s […]

Filed Under: Carrier, P&C Insurance

LexisNexis Risk Solutions introduces new commercial property risk assessment tool

06/27/2025 by Linda

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 commercial property risks during underwriting and policy renewal. As severe weather events continue to cause over 65% of property losses in the US, commercial insurers face ongoing […]

Filed Under: Carrier, P&C Insurance

Hurricane Erick insured losses expected to be contained: AM Best

06/27/2025 by Linda

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 AM Best. Hurricane Erick made landfall last Thursday morning as a dangerous Category 3 storm, striking Mexico’s southern Pacific coast. It had reached Category 4 […]

Filed Under: Carrier, P&C Insurance

S&P upgrades Convex Group entities credit ratings, assigns stable outlook

06/26/2025 by Linda

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., Convex Guernsey Ltd., and Convex Europe S.A. Convex has shown significant growth since launching in late 2019, achieving its underwriting profitability […]

Filed Under: Carrier, P&C Insurance

Canada Life Re to cease new business for US traditional life mortality risk reinsurance

06/25/2025 by Linda

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 reinsurer explains that a key driver of its decision to cease new US […]

Filed Under: Carrier, P&C Insurance

Orion180 lifts reinsurance coverage 31% for 2025 hurricane season to $845m

06/24/2025 by Linda

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 programme is backed by a robust panel of 35 leading global reinsurers, and covers both Orion180 Insurance and Orion180 Select […]

Filed Under: Carrier, P&C Insurance

Citizens secures $4.49bn risk transfer target for 2025 with lower ROL for new reinsurance

06/23/2025 by Linda

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 includes $2.89 billion of new coverage from the traditional reinsurance and capital markets. Back in April, the Citizens […]

Filed Under: Carrier, P&C Insurance

Aon’s NFP hires Darrin De Stephanis to drive commercial surety growth

06/20/2025 by Linda

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, co-leader of NFP’s Construction and Infrastructure (C&I) Group. NFP’s construction surety risk practice is part of its […]

Filed Under: Carrier, P&C Insurance

Apollo’s Athora in talks to acquire PIC, reports Sky News

06/20/2025 by Linda

Athora, a savings & retirement services firm in Europe established by Apollo Global Management, is in talks to acquire Pension Insurance Corporation (PIC), according to Sky News. While spokespeople for Apollo and PIC reportedly declined to comment, Sky News noted that the £4–£5 billion deal, if completed, would represent a landmark moment in the industry, […]

Filed Under: Carrier, P&C Insurance

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Recent Posts

  • UNDP, TNFD, KPMG launch ‘NATURE-INSURE’ to tackle biodiversity risk
  • 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
  • Hurricane Erick insured losses expected to be contained: AM Best
  • S&P upgrades Convex Group entities credit ratings, assigns stable outlook

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