News Page 24 / 1028
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- February 2 2025
Reduced exposure to cat losses could boost reinsurers’ operating profits in 2024-25: S&P Global
Better results will also be driven by favorable pricing, terms and conditions in short-tail lines, overall underwriting discipline and increasing reinsurance demand.
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- February 1 2025
IAG to release US$125m from provisions after favourable court decree
Carrier will include the released amount in the 'net corporate expense’ line in the financial results for the six months to December 31, 2024.
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- January 31 2025
Steadfast-owned brands Network Insurance Group and Insurance House merge
Andrew Broughton, current chief executive officer of Network Insurance Group, will assume the leadership of the combined entity.
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- January 29 2025
MS Amlin expands Phoenix Re capacity to US$90m in fifth renewal
Strong performance, rising investor interest in Asia cat risk drives demand for insurer’s Singapore-based sidecar.
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- January 29 2025
Exclusive: Liberty India to enter specialty market with surety buildout as interest grows
Liberty Mutual's joint venture is planning to launch the new line in the next few months, the carrier exclusively confirms to IAN.
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- January 28 2025
MS Amlin creates new partnerships team to support syndicate expansion
New team will sit alongside MS Amlin’s existing insurance and reinsurance divisions and will operate as an arm of the CUO’s office.
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- January 28 2025
Sompo promotes Jasmine Chan to senior VP for APAC ceded reinsurance
APAC CEO Kenneth Reilly tells IAN Chan has 'an extensive knowledge of Sompo’s product offerings and the APAC market dynamics'.
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- January 28 2025
Australian MGA Agile hires industry veteran Richard Hardy to head property
Agile Underwriting launched a property line backed by its Lloyd's syndicate, AUS 2427, in November.
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- January 28 2025
Dual promotes Marc Karapanovic to cyber lead for New Zealand
Auckland-based Karapanovic will lead the development of SME cyber on the MGA's trading platform.
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- January 28 2025
‘Nimble’ Thomas Miller-backed MGA targets APAC marine, energy ‘grey areas’
Navata, supported by Lloyd's and HDI Global capacity, is following its clients' transition from oil and gas to renewables, says Singapore lead Mark Nunn.
