Evercore ISI reports rising social inflation driving elevated casualty losses

Independent research and investment advisory firm Evercore ISI reports that casualty reserves remain under pressure in the U.S. property and casualty (P&C) insurance market. Debt levels at companies such as CB, Berkshire, EG, SIGI and CINF continue to fluctuate, with long-tail liability losses only partially offset by short-tail releases. To better understand social inflation trends,…

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Enterprise Risk Associates secures $150m investment from Macquarie Capital

Enterprise Risk Associates, a U.S.-based insurance brokerage platform focused on acquiring and partnering with independent insurance agencies, has announced an investment from Macquarie Capital Prime Finance, the financing and principal investment arm of Macquarie Capital. The financing facility provides up to $150 million in capital to support ERA’s acquisition-driven growth across multiple insurance distribution industries….

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Amynta Group completes acquisition of broker International Sureties

Insurance services provider Amynta Group has completed the acquisition of Global Surety, LLC, International Sureties Limited and International Sureties SARL (collectively, International Sureties). Founded in 1972, International Sureties is a specialist surety broker offering a range of commercial surety products including maritime sureties, court sureties, insolvency sureties, logistics sureties and license and license sureties. With…

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Amwins reports stabilising reinsurance rates amid abundant capacity and flexible high-layer coverage

Amwins, an independent wholesale distributor of specialist insurance products active in the global reinsurance market, provides an updated perspective on conditions in the year ahead. The assessment draws on comments from Jennifer Keefe, vice president of marketing at Amwins Re, and insights from Nigel Fearon and Tom Jakob, directors at Amwins Global Risks. Amwins said…

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Insurance must evolve as data centres face rising risks: Beazley’s Tim Turner

Tim Turner, head of risk group at Beazley MAP (maritime, accident and political), said data centers are increasingly being targeted for protest and disruption, highlighting the need for insurance to evolve into a strategic enabler to help organizations protect assets, sustain operations and seize opportunities amid uncertainty. Turner pointed out that geopolitical tensions and economic…

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Coalition enhances cyber product with addition of Deepfake Response Endorsement

Coalition, a proactive insurance company focused on preventing digital risks, has added a new Deepfake Response endorsement to its global cyber insurance policies. “Businesses can do all the right things — lock down networks, ignore fraudulent fund transfer requests, comply with privacy laws — only to have their reputations damaged by deepfakes,” said Tiago Henriques,…

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Arch Insurance names Ernesto Medina Gomez as Head of Executive Assurance, Europe

Arch Insurance, a subsidiary of Bermuda-based reinsurance/insurance firm Arch Capital Group, has appointed Ernesto Medina Gomez to the newly created role of Head of European Execution Assurance at Arch Insurance (EU) dac (AIEU), effective immediately. In his new role, Medina Gomez will lead the expansion of Arch’s execution assurance business in continental Europe, with a…

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