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Gibraltar and UK together account for 32 insurer failures since 2000 — PACICC
4+ day, 6+ hour ago (401+ words) The Property and Casualty Insurance Compensation Corporation, Canada's P&C guarantee fund, has published the fourth edition of its Global Failed Insurer Catalogue, recording 1,273 insurer failures worldwide across 98 countries since 2000. The United Kingdom recorded 20 of those failures, placing it 11th globally…...
‘Flight to quality’ creates opening for HDI Global’s US push: CEO
5+ day, 3+ hour ago (604+ words) HDI Global US is expanding its physical footprint, specialist underwriting capabilities and broker-facing leadership as the carrier pursues a larger share of the US commercial insurance market. New CEO Shadi Albert (pictured) said the expansion is intended to capitalize on…...
HDI Global secures Lloyd's approval for new syndicate
6+ day, 8+ hour ago (502+ words) HDI Global UK & Ireland has received approval in principle from Lloyd's to establish a new syndicate, a milestone in the implementation of the firm's Xcelerate29 growth strategy. The syndicate will be launched and managed in partnership with PoloWorks, which will provide…...
London market sees treaty insurance premiums fall – IUA
6+ day, 22+ hour ago (65+ words) AIG secures minority stakes in Convex and Onex UK datacentre growth raises supply chain concerns Manchester Airports Group hit by major cyber attack Losses from July storms estimated at €2,186m Acrisure UK and ESET partner on cyber business resilience Tokio Marine…...
Exclusive | LIC CEO On Gen Z Chasing Returns While Seeking Insurance Protection - BT TV
1+ week, 5+ hour ago (248+ words) In an exclusive conversation with Business Today Group Editor Siddharth Zarabi, LIC CEO & MD R Doraiswamy explains how Gen Z is changing the way young Indians approach money. He says today’s younger generation is more informed, increasingly focused on wealth…...
Cedar Trace brings Bermuda's US$1bn platform to Lloyd's
1+ week, 5+ hour ago (240+ words) Cedar Trace Underwriting has secured in-principle approval from Lloyd's Council to launch a US$300 million (£222 million) syndicate for the 2027 underwriting year. The platform behind it has grown to more than US$1 billion (£739.9 million) in gross written premium since its Bermuda…...
Cape Breton Flooding: Insurance Bureau of Canada provides insurance guidance
1+ week, 10+ hour ago (11+ words) Tolerance.ca...
CIC Insurance H1 Profit Surges 70% on Investment Gains
1+ week, 5+ day ago (777+ words) Profit before tax increased 30.2% to KSh1.56 billion, while insurance revenue expanded 17.8% to KSh16.34 billion from KSh13.87 billion. Investment returns provided one of the biggest earnings boosts, climbing about 44% to KSh3.96 billion from KSh2.75 billion. Investment performance was central to CIC’s stronger first-half result. Returns climbed…...
Reinsurance buyers regain control ahead of 2027 renewals: Marsh Re
1+ week, 5+ day ago (684+ words) Cedents will enter the 2027 reinsurance renewals with ample capacity and greater freedom to choose between lower prices and rebuilding protections eroded during the hard market, according to Marsh Re. In a virtual briefing ahead of Monte Carlo Rendez-Vous de Septembre…...
Insurers must brace for US$171 billion in annual cat losses, study finds
1+ week, 6+ day ago (762+ words) The global insurance industry did not get a quiet year in 2025. It got a year without a US landfalling hurricane that still produced more than US$100 billion in insured losses, for the sixth consecutive year. The average annual loss (AAL)…...