All articles by Verdict Staff
Verdict Staff
Saudi Insurance Authority revokes licences of several insurance companies
This move is part of a broader strategy to stabilise and improve the performance and credibility of the insurance sector in the country.
Canadian insurers expand AI-driven fraud detection programme
This initiative aims to strengthen the financial stability of the insurance sector and ensure the sustainability of group benefits plans.
Euclid Transactional appoints senior vice-president and tax underwriter for APAC
Wai Ling’s primary responsibilities involve assisting Euclid Transactional’s major broker partners by underwriting particular tax liability risks.
QIC and Ooredoo partner to develop insurance solutions
This partnership is set to integrate QIC’s risk management expertise with Ooredoo’s advanced telecommunications infrastructure.
Zurich Insurance targets core ROE of over 23% for 2025-2027
It also aims for a cumulative cash generation exceeding $19bn from 2025 to 2027.
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Rokstone launches global parametric insurance in partnership with NormanMax
Rokstone expects the new product to reach $25m (£19.77m) in gross written premium (GWP) by 2024, and an additional $50m in GWP in 2025.
Ryan Specialty to acquire Geo Europe’s certain assets, Ethos Specialty’s P&C MGUs
The deal for Geo Europe’s certain assets is due to close in the third quarter of 2024 (Q3 2024), and that of Ethos property and casualty (P&C) managing general underwriters (MGUs) this month.
SCOR announces L&H APAC restructuring
The move is aimed at centralising the company’s efforts and streamlining decision-making processes in the region.
PIB Group signs conditional agreement to acquire Nord Group
Nord Group provides risk management, insurance and reinsurance solutions, and employs nearly 250 experts across Poland.
Westland Insurance acquires Excel Insurance Lloydminster and M. Butler Insurance
The acquisitions, effective 24 June, are part of Westland’s strategy to extend its reach across Canada.