Month: August 2024

Ambac Finalizes Swoop for Beat Capital Partners Ambac Financial Group, Inc. has successfully completed its acquisition of Beat Capital Partners. This merger pushes Ambac’s property & casualty insurance operations to new heights, effectively doubling its size and market reach. But beyond just expanding its business portfolio, this strategic move could have profound implications for a […]

Race Cars, Cyber and Umbrella Limits: Step Inside the World of High-Net Worth Insurance Life Insurance: A Comprehensive Safety Net High-net worth individuals often face unique risks, prompting the need for specialized insurance products. But beyond the realms of cyber policies and umbrella limits, life insurance offers a robust safety net, encapsulating various facets of […]

Fairfax Reports Strong Results for Q2 2024: A Deeper Look Into Life Insurance Benefits Fairfax Financial Holdings Limited, a re/insurance holding group, has reported strong results for the second quarter of 2024. According to recent data, the group experienced an increase in net premiums, signaling a robust performance in tough market conditions (Insurance Business Mag). […]

Consilium Bolster Cayman Office with New Senior Partner In a strategic move to enhance its capabilities, Consilium has announced the appointment of a new senior partner for its Cayman office. This expansion is not just significant for the company but also underscores the increasing importance of life insurance in diversified markets. Life insurance plays a […]

Who will be in this Year’s Hot 100? Life Insurance Benefits Escalate in Importance Insurance Business America has opened its call for entries for the 2024 list of the “hottest” insurance professionals, generating considerable buzz in the industry. As the spotlight shines on top achievers, it’s worth focusing on a critical sector gaining momentum: life […]

Miller Continues European Expansion with Major Reinsurance Acquisition The Zub-based firm is making plans to further expand in Zurich as well. The Strategic Move: Miller’s European Expansion In a bold move to extend its footprint in the European reinsurance market, Miller has announced a major acquisition. According to sources, the firm is also planning significant […]

We need a 92.8% rate rise says insurance boss As legal requirements clash with regulatory challenges, the insurance sector is facing significant pressure. In a recent statement, a leading figure in the industry highlighted the urgent need for a 92.8% rate rise, citing various operational strains and market dynamics. During these turbulent times, the importance […]

Insurance Body Criticizes Nonprofit, Highlights Importance of Life Insurance In a recent development, an influential insurance body has called out a nonprofit organization, labeling it as “a major impediment” in the industry. The organization in question is also accused of pocketing millions in funds. This sets a stark contrast to the transparency and legislative adherence […]

James River Reports Q2 Financials Following Sale of Reinsurance Arm James River Group Holdings, Ltd., a well-known player in the insurance industry, has recently disclosed its second-quarter financial statements for 2024. This report comes in the wake of the firm’s decision to sell its casualty reinsurance segment. The transaction is part of a strategic shift […]

Level Up Your Industry Profile with 5-Star DE&I 2025 In an increasingly interconnected world, the importance of Diversity, Equity, and Inclusion (DE&I) cannot be overstated. Insurance Business is now accepting entries for its 5-Star DE&I 2025 awards, designed to honor companies making significant strides in fostering inclusive workplaces. The Role of Life Insurance in Promoting […]