FEMA gets $450m FloodSmart Re cat bond, lifts ILS share of NFIP reinsurance
The U.S. Federal Emergency Management Agency (FEMA) has now secured the $450 million upper-target for its new FloodSmart Re Ltd....
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Insurance bonds show resilience as spreads reset: Twelve Capital
Insurance bonds as an asset class are yet again showing their resilience amid recent market turmoil, while spreads have reset...
AXA acquires the renewal rights to Ageas's commercial business
AXA to grow its commercial business in SME and Schemes market segments with an emphasis on service deliveryDeal underpinned by...
IAG ups investment in car subscription start-up
IAG, already a majority shareholder in Carbar, has further increased its investment in the Australian car subscription company. The insurer...
Re/insurance – an industry destroying value (or shifting it to brokers): McKinsey
The global insurance and reinsurance industry has moved from one that is “moderately value-creating” to one that “destroys value”, according...
Soil expansion caused house cracking, not quake: AFCA
Internal cracks that appeared in an NT property, including damage to the floor tiles and cornices, were not caused by...
BI claim numbers low as test case outcome awaited
Pandemic-related business interruption claim numbers have remained well below early expectations as the outcome of the second industry test case...
CATCo retro funds head back to Bermuda Court this week
The in run-off retrocessional reinsurance investment funds that are managed by Markel CATCo Investment Management are heading back to the...
MS Amlin parent outlines interim financial results
MS&AD Insurance Group Holdings – the name behind the likes of MS Amlin and insurethebox – has released...
MS Amlin parent shares interim financial results
MS&AD Insurance Group Holdings – the name behind the likes of MS Amlin and insurethebox – has released...
