Intelligent Insurer News

Attackers increasingly basing their attacks on exploiting vulnerabilities in widely used systems.

COVID-19 has caused immense upheaval for insurers and insureds, with many people left feeling their insurers have abandoned them in their time of need. Rick Lindsey, CEO of Prime Insurance Company, believes this sense of dissatisfaction and betrayal has escalated the situation to a point where class actions are on the cards.

Sirius shareholders have agreed to remain investors in the joint company SiriusPoint.

The agreement will enable the company to better manage marine and energy reinsurance risks.

The acquired firm provides commercial, surety, personal and employee benefits insurance solutions across the US Southeast region.

The acquisition adds expertise to Risk Strategies' national private equity practice.

Kingfisher is owned by US niche insurance specialist NSM, which is backed by White Mountains.

Terrifying walls of flames and the widespread devastation they leave in their wake are expected to increase in the US as a result of climate change. Intelligent Insurer finds out how insurance pricing can incentivise individuals and society to increase wildfire mitigation efforts.

The reinsurer believes that supply chain restructuring will drive new demand for risk protection covers.

Mounting COVID-19 losses, lower premium and interest rates will weigh on reinsurers performance, warns Fitch.

The acquisition will support the company's expansion in the professional indemnity market.

The capital raise is supported by a strategic £100 million investment by its former CEO Sir Roger De Haan.

The company's special purpose acquisition vehicle INSU has completed its IPO raising $230 million.

CEO Kessler says the placement will enable SCOR to further secure attractive long-term financing to support its future organic growth.

The appointee has spent 27 years at Marsh, most recently as president of global placement and advisory.

Acting Talbot CEO David Morris will become chief underwriting officer of the company.

Tim Coles leaves COO role at Nexus to lead the separation process of Xenia Broking Group.

The insurer expects its losses to exceed its single-event reinsurance retention of $25 million.

The insurer says an increasingly complex risk landscape requires clear coverage to protect small to medium-sized businesses.

The appointee replaces François Riahi who is leaving the board following his departure from Natixis.