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AM Best has upgraded Hanoi Reinsurance Joint Stock Company’s (Hanoi Re) long-term issuer credit rating (Long Term ICR) to “bbb+” (Good) from “bbb” (Good) and changed the outlook to stable from positive. The rating agency also affirmed Hanoi Re’s Financial Strength Rating (FSR) as B++ (Good) and Vietnam Country Scale Rating (NSR) as aaa.VN (Excellent),…
QBE has partnered with Aurora to launch an integrated algorithmic underwriting system that operates entirely within the insurer’s existing governance, risk appetite and operating procedures. Developed by QBE Ventures, the solution enables fully automated lead underwriting of complex specialty risks, a first in the industry. The technology is now available in QBE’s UK Marine Yacht…
Jerome Jean Haegeli, chief economist at Swiss Re Group, said that as the world faces huge geopolitical uncertainty and volatility, oil price movements driven by the ongoing conflict in the Middle East are expected to push up consumer price inflation (CPI), which may increase insured losses in peak loss events. Current tensions in the Middle…
Specialist insurance company Brit Group Holdings Limited has announced the launch of C360, a new product designed for small businesses facing a complex and evolving cyber risk landscape. C360 offers simple yet broad coverage, providing comprehensive protection for an unlimited number of claims on an any one claim (AOC) basis throughout the policy term, up…
Global insurance and reinsurance broking group Aon has announced the appointment of Dan Tomlinson as head of alternative risk transfer solutions for Europe, the Middle East and Africa. In his new role, he will work closely with Aon Commercial Risk & Reinsurance to expand Aon ART capabilities and deliver a full range of risk management…
North American property and casualty (P&C) insurers that invest more resources in advanced analytics and artificial intelligence generate higher profitability and stronger premium growth, according to a new WTW survey. WTW’s 2026 Advanced Analytics and Artificial Intelligence Survey asked 59 property and casualty insurance companies in the U.S. and Canada, drawing insights from senior executives…
The American Reinsurance Association (RAA) rejected the Hamilton Project’s recommendation to US Re, a federal reinsurance entity that provides homeowners insurance, arguing that the program failed to address the underlying drivers of insurance costs. The proposal was outlined in a paper presented at the Brookings Institution event and authored by Benjamin L. Collier, Benjamin J….
Global reinsurance broker Gallagher Re has announced the promotions of Alkis Tsimaratos to president, international, and Alex Ntelekos to head of international products and practices. In his new role, Tsimaratos will focus on deepening senior client relationships in international markets, matching reinsurance solutions to clients’ evolving needs through Gallagher Re’s international network. Prior to his…
Arch Insurance International, part of global insurer and reinsurer Arch Capital Group and a specialist insurance solutions provider, has launched a new intellectual property (IP) alliance at Lloyd’s with a $40 million product line to meet growing demand for increased capacity and a wider range of solutions. The consortium is supported by Lloyds Group including…
Kevin J. O’Donnell, CEO of RenaissanceRe, said real estate catastrophe rates remain so ample that relatively large losses would be needed to drive meaningful adjustments, though he noted that it’s not the catastrophes themselves that change rates but the cumulative effect of rising loss trends and inflation gradually outpacing rates. In a letter to shareholders…