In the first nine months of 2024, global broking group Aon has reported that the insurance industry faced substantial losses from natural catastrophes, amounting to an estimated $102 billion. Compared to the previous year's $88 billion, this represents a notable increase. With the impact of
B.P. Marsh & Partners, the specialist private equity investor, has solidified its confidence in Pantheon Specialty Limited by increasing its equity stake in the company. With a £12.5 million investment, B.P. Marsh has acquired an additional 5% stake, bringing its total shareholding to 37%. This
MAPFRE RE, the reinsurance arm of the Madrid-based insurer MAPFRE, reported robust financial performance for the first nine months of 2024, marking a notable milestone for the company. Premiums reached nearly €6.3 billion, indicating a 3.5% increase over the previous year. This figure includes €4.8
ViVet, the UK-based Managing General Agent (MGA) and Lloyd’s Coverholder for Else Group, has announced the appointment of Alex Dalton as its new Managing Director. Dalton brings with him an impressive 15 years of extensive experience in the insurance industry, spanning international brokerage,
The insurance industry, often criticized for its slow adoption of technology, is witnessing a remarkable transformation courtesy of Qantev, an insurtech startup leveraging artificial intelligence (AI) to revolutionize health and life insurance sectors. Founded in 2019, Qantev recently secured a
Ledgebrook, a US-based InsurTech managing general agent, has successfully raised $17 million in a Series B funding round, underlining the significant advancements in the insurance technology sector. This funding milestone not only underscores the growing importance of the InsurTech space but also
