Munich Re Profits Surge, Despite Drop in Insurance Revenue
What’s Happening? Munich Re has reported a more than doubling of its net profit for the third quarter, reaching €2.0 …
Updates
Stay informed with the latest developments from the global insurance industry. The Update category delivers timely news, policy changes, regulatory insights, market trends, and innovations shaping the future of insurance worldwide.
Jamaica to Receive Full $150 Million Catastrophe Bond Payout
Jamaica is set to receive the full $150 million payout from its 2024 parametric catastrophe bond, following the activation of …
Paul White Appointed as CEO Sedgwick International
Sedgwick announced on Monday that Paul White will take on the role of Chief Executive Officer for the International division, …
What Progressive and GEICO’s Q3 Results Show About Auto Insurance Profit and Growth
Analysts have predicted a slowdown in growth and narrower underwriting margins for personal auto insurers in the coming quarters. This …
Onex CEO Sees Potential for Further Insurance Deals Following AIG Partnership
The CEO of Onex Corp. has indicated that the alternative asset manager is poised to pursue additional significant investments in …
Axis Max Life Insurance and IFC Partner to Make Life Insurance Accessible to Underserved Communities
New Delhi [India], November 10: In a move aimed at expanding access to life insurance and fostering greater financial inclusion …
Insurance Moves: AM Specialty, PIWA, and CIC
AM Specialty Promotes Randall to Company Secretary AM Specialty Insurance Group has promoted Thomas Randall to the role of Company …
Convex Insurance’s Theo Butt Elected as Chair of the IUA
The International Underwriting Association (IUA), which represents re/insurers in the London company market, has announced the election of Theo Butt, …
Bangladesh Considers Ending Mandatory Reinsurance with SBC
The Financial Institutions Division (FID) has proposed removing a provision from the Insurance Corporation Act 2019, which mandates that non-life …
Former Fareast Life Insurance Director Khalek Placed on Three-Day Remand
A Dhaka court has placed MA Khalek, former director of Fareast Islami Life Insurance Limited, on a three-day remand in …