Content from L.S. Howard
R&Q to File for Liquidation in Bermuda, but Sale of Accredited Will Proceed
R&Q Insurance Holdings Ltd. announced it will file for a provisional liquidation in Bermuda — after it had exhausted strategic alternatives for a financial rescue. At the same time, R&Q ...
Vantage Group Chairman and Former Arch CEO Iordanou Dies
Constantine "Dinos" Iordanou, the chairman of Vantage Group Holdings and former chairman and chief executive officer of Arch Capital Group Ltd., has died. Described as "an industry legend," as well ...
R&Q: Financial Instability Could Lead to Liquidation
R&Q Insurance Holdings Ltd. warns it is facing growing financial difficulties, which could affect the "company's stability as a business" and ultimately lead to liquidation. In a June 13 ...
Key Emerging Risks: Cascading Effects of Natural Disasters, Supply Chain Resilience
Key emerging risks facing global economies, businesses and the re/insurance industry include the cascading effects of natural disasters, the weakening resilience of supply chains and the ...
Swiss Re to Withdraw From Digital Insurer iptiQ, Reports Q1 Net Income of $1.1B
Swiss Re announced plans to withdraw from its digital B2B2C insurance business, iptiQ, following a strategic review. The iptiQ business lost $250 million in 2023, but the loss was projected to be ...
AI and APIs: Essential Tools for Zurich Insurance Group’s Digital Leap
Early adopters of generative artificial intelligence (Gen AI) tools are working hard to employ the technology, which can help insurers innovate, enhance customer experience and boost internal ...
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon
Global natural catastrophes cost insurers $17 billion during the first quarter of 2024, with economic losses rising above $45 billion, according to Aon's Q1 Global Catastrophe Recap – April 2024. ...
Global Insured Natural Disaster Claims Again Dominated by Severe U.S. Storms: Gallagher
Global insured losses from natural catastrophes in the first quarter were estimated at $20 billion, with U.S. claims accounting for more than $15 billion, or 75 percent, of the first-quarter total, ...