Fidelis Insurance Holdings Limited has joined the Net-Zero Insurance Alliance (NZIA), convened by the UN Environment Programme’s Principles for Sustainable Insurance Initiative. Richard Brindle, chairman and group chief executive officer of Fidelis, said: “We are delighted to be part of this important initiative and we intend to fully embed its...
Aon plc and PayPal Holdings, Inc. have announced an initiative to help millions of PayPal’s small business customers in the US access insurance simply and quickly. The unique digital insurance program will enable PayPal’s small business customers in the US to shop for, purchase and manage insurance coverage through Aon’s...
AXA has announced that AXA S.A., the holding company of AXA Group, has obtained its reinsurance license from the French Prudential Supervision and Resolution Authority. The grant of AXA S.A’s reinsurance licence follows shareholder approval relating to the necessary changes to AXA S.A’s bylaws at its Annual Shareholders’ meeting held...
Howden’s Sport and Entertainment division has published its interim Men’s European Football Injury Index, which reveals that there were 2,524 injuries in the first half of 2021/22 season at a cost to clubs of EUR279.49 million. This is in comparison to the 3,998 injuries that were recorded in the entirety...
Strong underwriting and investment performance by reinsurers in 2021, aided by continued rate improvement in nearly all primary insurance lines, drove total capital dedicated to the global reinsurance sector to USD 728 billion at year-end. This is up 8.4 percent from 31 December 2020, according to the latest Reinsurance Market...
SCOR Channel, part of SCOR’s Specialty Insurance platform, has announced the continued delivery on its strategic objective of returning to profit, having produced a profit of around GBP25 million over the past two years. For the full year 2021, SCOR Channel returned a profit of GBP14.1 million. As part of...
Swiss Re has announced the closure of a multi-year stop-loss transaction, with financing ultimately provided by J.P. Morgan and various institutional investors. The transaction, which covers underwriting risks across the entire Swiss Re Group, is the first of its kind to combine both bank financing and insurance-linked securities. Swiss Re’s...
Insurers and reinsurers holding large books of East European business are being urged to stress test their portfolios against the threat of Russian and Ukrainian cyber attacks. A new report published CyberCube titled “War in Ukraine creates fundamental shift in the cyber threat landscape” encourages insurers and reinsurers to urgently...
Lloyd’s, the world’s leading marketplace for commercial, corporate and speciality risk solutions, has announced eleven InsurTech start-ups that will join the eighth cohort of the Lloyd’s Lab in its ten-week programme, which brings together insurtechs, insurers, and brokers to test out new, innovative solutions. The teams will be working to...
Strong underwriting and investment performance by reinsurers in 2021, aided by continued rate improvement in nearly all primary insurance lines, drove total capital dedicated to the global reinsurance sector to USD 728 billion at year-end. This is up 8.4 percent from 31 December 2020, according to the latest Reinsurance Market Report from...
