Month: September 2024

AM Specialty Insurance Partners with Once Insurance for Jewelry Coverage In a significant move, AM Specialty Insurance has announced a partnership with Once Insurance to offer comprehensive jewelry coverage. This new initiative aims to provide customers with an option to secure small jewelry collections under a single premium, highlighting the growing appeal of bundled insurance […]

Aon Highlights Growth Amid Rising Losses in 2024 Reinsurance Renewal Report Aon, a leading global professional services firm providing a broad range of risk, retirement, and health solutions, has released its 2024 reinsurance renewal report. The report, detailing a dynamic market landscape, underscores not only the remarkable growth achieved but also the escalating losses due […]

Aon Highlights Growth Amid Rising Losses in 2024 Reinsurance Renewal Report Despite a challenging year with increased catastrophe payouts and intricate risk environments, Aon has reported significant growth in its latest reinsurance renewal report for 2024. Strong Return on Equity (ROE) remains a pivotal achievement for Aon, alongside notable developments within the realm of life […]

Fitch Adjusts Global Reinsurance Outlook to Neutral Amid Market Changes The global reinsurance market has undergone significant shifts, prompting Fitch Ratings to adjust its outlook from negative to neutral. This transition occurs as the market deals with pricing challenges and the potential for increased loss volatility. Understanding the insurance landscape, including life insurance, is critical […]

Brit Announces Appointment to Lead Bermuda Expansion Insurance giant Brit has appointed a new leader to drive its Bermuda reinsurance expansion strategy, emphasizing the importance of property and specialty lines. As the company looks to bolster its reinsurance portfolio, this move also highlights a broader trend in the insurance industry: the growing relevance of comprehensive […]

Brit Announces Appointment to Lead Bermuda Expansion Brit, a leading global specialty insurer and reinsurer, has announced the appointment of a new head to spearhead its Bermuda expansion. The newly appointed leader will focus on bolstering the firm’s reinsurance growth strategy, with a specific emphasis on property and specialty lines. This move is strategically timed […]

New Ownership for Conifer Insurance Services: The Potential Role of Life Insurance In a recent shakeup in the insurance industry, Conifer Insurance Services has been acquired by a new owner. The deal, which marks the buyer’s entry into commercial lines, was disclosed on September 6, 2023. This acquisition highlights the evolving landscape of the insurance […]

Insurance Carrier Deals in First Half Hit 15-Year Low In a recent report by Clyde & Co, the insurance sector is facing a significant slowdown with carrier deals hitting a 15-year low in the first half of this year. The impact of this downturn is rippling across various sub-sectors of the insurance industry, including life […]

Life Insurance: A Crucial Consideration Amid Long-Term Care Insurance Rates Surge As an unsettling trend, just as many are entering their retirement years, long-term care insurance rates are skyrocketing, placing an additional burden on retirees. John Hancock Life Insurance Company has been at the center of this issue with multiple instances of significant rate hikes. […]

Prudential and Nine Other Big LPs Sign on to PruVen’s Fund II In a significant move within the venture capital domain, Prudential Financial has solidified its role as the anchor investor for PruVen’s Fund II, joined by nine other prominent limited partners (LPs) including Lincoln Financial Group, Mutual of Omaha, Nippon Life Insurance Company, and […]