Industry News
Hamilton Submits Confidential Draft Registration Statement for Proposed IPO
Today, Hamilton Insurance Group Ltd. announced that it has submitted, on a confidential basis, a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission, relating to ...
New Lloyd’s Lab InsurTech Cohort to Focus on Climate, Cyber and Sustainability in Asia Pacific
Lloyd's has announced the 12 teams that will join the 11th cohort of the Lloyd's Lab, the InsurTech accelerator hub for developing innovative insurance products in the Lloyd's market. The accelerator ...
Reinsurers’ Performance Keeps Improving: Gallagher Re
Reinsurers reported "a robust increase" in their capital base, improved underwriting profits as well as higher returns on equity and investment income, according to a Gallagher Re report. The ...
Climate Change Means Californians Need Flood Insurance Now
Californians know wildfires and earthquakes; hurricanes, not so much. So, when Tropical Storm Hilary inundated Southern California in normally bone-dry August, it showed just how exposed homeowners ...
Executives on the Move at AXA XL, Guy Carpenter, AIG
AXA XL has appointed Lucy Pilko as CEO for the Americas region of its insurance operations, effective Oct. 30, 2023. She assumes the role from Joseph Tocco, who has decided to retire after more than ...
Top 15 E&S Writers: Lloyd’s, Berkshire Still Lead as All Major Players Grow
The U.S. excess and surplus lines market reported double-digit growth for the fifth straight year in 2022,with second-ranked Berkshire Hathaway pushing the total growth figure for the E&S market ...
S&P Raises Reinsurance Sector View to Stable as Rates Keep Rising
S&P Global has raised its view of the global reinsurance sector to stable from negative, it said on Tuesday, due to higher reinsurance rates and increasing investment income, while rival Moody's ...
Billion-Dollar Satellite Risks Upending Space Insurance
Viasat Inc. has more than $1 billion of orbiting satellites in trouble, and space insurers are girding for market-rattling claims. The company's roughly $1 billion ViaSat-3 Americas satellite, ...