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The pan-African AXIAN Group has completed a strategic acquisition of a stake in WiASSUR, a Côte d’Ivoire-based insurance start-up, marking a significant step in AXIAN’s expansion into the African insurance sector.
EvolutionIQ, a global leader in claims guidance technology, has joined the Council of Australian Life Insurers (CALI) as its inaugural Life Partner, marking a significant step in CALI’s corporate partner program.
Cytora, a leading digital risk processing platform, has announced a partnership with Mitiga Solutions, a provider of science-based climate risk intelligence, to enhance insurers’ ability to assess and manage climate-related risks.
The first half of 2024 marked a significant downturn in insurance carrier M&A, with only 103 deals completed, the lowest figure in 15 years, according to Clyde & Co’s mid-year Growth report.
A new whitepaper from Marsh McLennan and Zurich Insurance Group highlights the urgent need for greater public sector involvement to bolster societal resilience against catastrophic cyber events.
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, today announced a strong set of results for the first six months of 2024, with an overall profit before tax of £4.9bn (HY 2023: £3.9bn).
Accession Risk Management Group, the parent company of One80 Intermediaries and Risk Strategies has announced it has successfully raised $1 billion in financing to support its growth and continued expansion.
A new report from AM Best has found a surge in catastrophe bond issuance and widening spreads in early 2024, underlining the growing demand for reinsurance capacity and demonstrating marked interest in parametric-triggered reinsurance and insurance-linked securities (ILS).
Mount Etna, Europe’s tallest and most active volcano, has erupted, causing widespread disruption in Sicily. The eruption led to the temporary closure of Catania Airport, a key travel hub, after the volcano spewed ash and gasses high into the atmosphere, covering nearby towns in dark volcanic dust.
Liberty Mutual Reinsurance has announced it will be providing the capacity to support a new parametric insurance programme designed to benefit Kenyan coffee growers.
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