Initial loss estimates for these claims reached as high as US$17 billion, though confidential settlements between insurers and lessors, along with aircraft purchases by Russian airlines, may reduce the final exposure. Howden Re noted that despite these developments, the dispute could still result in the largest aviation or aviation war loss in history.
The InsHER Podcast, known for spotlighting the voices of women shaping the re/insurance industry, will feature discussions with influential women who share their personal stories, expertise, and advice. The podcast aims to foster community, promote leadership, and highlight the significant role women play in the industry.
Sherita Hardy, of Amwins, is the latest big name to join the Meet the Executive series in association with NAAIA. In this interview she examines her career path, the importance of mentorship, where the industry can do better on DE&I, and what needs to change overall.
National Flood Insurance Program (NFIP): RIMS is advocating for the reauthorization of the NFIP, which is essential in offering flood insurance and encouraging private insurers to participate in the flood insurance market. Nonprofit tax reform: As new tax reforms are being considered under the Trump administration, RIMS is working with ASAE’s Community Impact Coalition to … Read more
“The launch of MGT Specialty is a pivotal moment in our journey to insure small businesses,” Graham Topol, co-CEO and co-founder of MGT Insurance, said in a press release. “We have been working on this for some time and are pleased to finally bring it to light.”
XS Brokers Insurance Agency, headquartered in Massachusetts and licensed in all 50 states, operates offices throughout the Northeast and Southeast. The company offers a range of personal and commercial insurance solutions. Founded in 1978, XS Brokers has maintained a commitment to service excellence and market agility, achieving sustained double-digit growth.
The newly launched practice will assist insurers in optimizing capital positions, reducing earnings volatility, and enhancing product design and distribution. These efforts, Aon said, are geared toward improving shareholder value and addressing key challenges in the rapidly evolving insurance market.
The financial toll of these adjustments was clear in SCOR’s nine-month results for 2024. The L&H segment posted a €467 million loss, dragging the company’s overall net income for the period to a loss of €229 million. Despite this, strong technical performance in property and casualty reinsurance, as well as robust investment income, helped soften … Read more
Prismic Life views the transaction as a step toward diversifying its earnings and risk profile as established in partnership with Prudential, Warburg Pincus, and a global group of investors. Its investment portfolio will continue to be managed by PGIM Multi-Asset Solutions and Warburg Pincus, focusing on assets across public fixed income, private credit, real estate, … Read more