Hannover Re lifts 2024 profit target as 9M net income reaches …
Nov 11, 2024 · Within P&C reinsurance, revenue jumped 9.4% year-on-year to €13.9 billion, and at unchanged exchange rates would have increased by 10.4%. The segment’s service result rose by a significant 65.2% to €1.46 billion from €885 million, as the combined ratio, despite the impacts of natural disasters in the period, strengthened to 87.9% from 91.9%.
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Top Global Reinsurance Groups - Reinsurance News
Top Global Reinsurance Groups. This Top Global Reinsurance Groups directory is based on research data from rating agency A.M. Best, and ranks companies based on full-year 2023 performance.. Listing the top reinsurers in the world, this directory provides a simple way to analyse the world’s top reinsurance companies.. You can sort the table by any of the headings and search it to analyse ...
Beazley launches ‘Beazley Quantum’ to enhance cyber offering
Oct 8, 2024 · The insurer predicts the cyber insurance market will grow from $15 billion in 2024 to $40 billion by 2030, with increasing demand due to rising cyber threats and costs being the main drivers for this.
HCI launching Tailrow as Florida homeowners insurance startup
Apr 11, 2023 · Prior to writing any business the new Florida domestic insurance company will need to have its first reinsurance program placed. Paresh Patel, the CEO of HCI Group will be President of the new insurer, but no further details are available on a management team for Tailrow Insurance at this time.
Top 100 U.S. Property & Casualty Insurance Companies
The largest P&C insurers in the United States. This Top 100 U.S. Property & Casualty Insurance Companies directory is based on research data from rating agency A.M. Best. Listing the top property and casualty insurance companies in the United States, this directory provides a simple way to analyse the top P&C insurance companies in the U.S.. The property and casualty insurance groups featured ...
Energy sector MGA Volt Underwriting launches - Reinsurance News
Oct 14, 2024 · “We are thrilled to work with Dale as the lead capacity partner. Together we bring a strong proposition to the market.” Ian Bridge, Active Underwriter, Dale Syndicate, added, “Volt’s power and renewable energy product nicely complements our existing insurance portfolio whilst giving us access to a best-in-class team with significant experience in this sector.”
WTW confirms return to treaty reinsurance broking market via …
Dec 3, 2024 · Global insurance brokerage WTW has confirmed its intention to re-enter the treaty reinsurance broking market via a joint venture with private investment firm, Bain Capital, with WTW set to hold a minority share in the new company.
California wildfires news - Reinsurance News
LA fires: Average insured claim estimated at $1.9m with 17,027 structures destroyed or damaged. 20th January 2025. The wildfires still burning in parts of the Palisades and Eaton areas of Los Angeles, California, have now damaged or destroyed more than 17,000 structures, with an average insured loss per structure of an estimated $1.9 million, based on the mid-point of …
KBRA upgrades ratings and assigns a positive outlook for Nassau ...
Oct 4, 2024 · Credit rating agency KBRA has upgraded the Insurance Financial Strength Rating (IFSR) to BBB+ and assigns a positive outlook for Nassau Life Insurance Company (NNY), Nassau Life and Annuity Company (NLA), Nassau Life Insurance Company of Kansas (NKS), and Nassau Re (Cayman) Ltd. (NKY), which are indirect subsidiaries of …