All articles by Shivam Mishra
Shivam Mishra
Specialty insurer Richmond National raises $55m to fuel growth
The funding round attracted investments from current shareholders such as HF Capital, Bonhill Capital, WT Holdings and employees.
Tokio Marine’s FY23 net income soars 85.7% to $4.45bn
During the 12 months from 1 April 2023 to 31 March 2024, the company’s ordinary income rose by 12.3% to Y7.42trn ($47.55bn).
Upstox enters Indian insurance space with HDFC Life as first partner
The company now offers term life insurance options and will introduce health, motor and travel insurance products shortly.
AXA XL names new chief client & distribution officer for APAC, Europe
Robert Riha will be responsible for leading client and broker engagement, as well as overseeing marketing operations across these territories.
Nippon Life targets global growth through more acquisitions
The news follows Nippon Life’s deal to purchase a 20% stake in Corebridge Financial from American Insurance Group for $3.8bn (Y595bn).
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Brown & Brown expands UK presence with new acquisitions
The deals comprise Preston-based Garratts Insurance Brokers and the business and assets of Essex-based BNF Insurance Services.
Dutch insurer Aegon appoints new CFO and issues trading update
Duncan Russell, who joined Aegon in 2020 as chief transformation officer, will assume the new responsibility on 1 September 2024.
AIG to offload 20% stake in Corebridge to Nippon Life in $3.8bn deal
The transaction is part of AIG’s broader strategy to decrease its investment in Corebridge, which offers life insurance and retirement services.
Swiss Re posts IFRS net income of $1.09bn in Q1 2024
The reinsurer also announced plans to exit the iptiQ business, a digital white-label platform.
Allianz registers 21.8% growth in Q1 profit
During the quarter, Allianz’s total business volume grew by 5.3% to €48.4bn ($52.61bn) due to growth across all business segments.