Latest Smartphones, Gadgets and Startups News
French reinsurer SCOR SE has demonstrated a significant financial recovery in its 2025 results, confirming the group’s resilience and ability to deliver strong capital and earnings performance, according to Fitch Ratings’ credit commentary. SCOR reported adjusted net profit of 846 million euros in 2025 and a return on equity of 19.1%, a significant improvement from…
BirdsEyeView, an ESA-backed insurtech company specializing in natural disaster modeling and risk management, has launched CERA, an enhanced “catastrophic risk and risk analysis” platform. This is intended to represent the next evolution of the company’s hazard modeling platform. The multi-hazard platform incorporates the company’s latest street-level resolution North American and Australian wildfire models, updated ML…
Certua Life Limited is officially launched, becoming the first new protection-focused life insurance company to be authorized in the UK in almost two decades. Certua Life combines an insurance license with technology designed to embed life insurance into digital services already used by millions of people. More than half of UK adults have no financial…
The Supervisory Board of Talanx AG has decided to re-appoint Torsten Leue as Chairman of the Management Board and extend his contract in advance until June 2030. Talanx said the early extension recognizes the strong performance of the executive board team under Leue’s leadership and is designed to support the group’s continued successful development. Leue…
Markel Insurance, the insurance business unit of Markel Group Inc., has appointed John Riley as senior claims adjuster for financial institutions, effective immediately. His appointment supports the transition of remaining commercial directors and officers (D&O) claims to the expanded FIDO claims team, while also strengthening resources as Markel’s financial institution claims portfolio continues to grow….
Morningstar DBRS said that while the ongoing conflict in the Middle East could produce “temporary and localized” price spikes within certain specialty reinsurance product lines, the overall weak trend is likely to persist unless loss patterns are significantly reshaped, hampering capital deployment. A new report from the agency notes that its select group of the…
RiverStone International is an acquirer and reinsurer of legacy and discontinued insurance businesses, with operations in Australia through the acquisition of a local insurer and a significant legacy portfolio transaction with global insurer Zurich. The global heritage company has acquired RiverStone International Australia PTY LTD to support the group’s products in the Australian market. Mark…
Swiss Re, one of the world’s largest reinsurers, has entered into the first longevity reinsurance transaction covering U.S. retirees, building on the company’s global track record in longevity risk transfer. In the nearly 20 years since the market was established, the reinsurance giant has completed more than 30 longevity reinsurance transactions in the UK, Netherlands,…
A recent report from AM Best shows that the number of upgrades in the U.S. property and casualty insurance industry will exceed the number of downgrades in 2025 for the first time in several years, driven by commercial lines. AM Best noted that both upgrades and downgrades declined in 2025, while positive ratings increased nearly…
Credit rating agency Fitch Ratings said the ongoing Iran conflict is expected to have the most direct impact on the London market and global specialty insurance companies, given that they are directly exposed to the impact of naval and air warfare, political violence, trade credit and energy lines. Fitch analysts warned that protracted conflict in…