All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
HDI Global insurance revenue up 10% in 2024
The German insurer’s operating profit rose to €702m ($758.1m) from €446m a year ago.
Africa Specialty Risks secures Sava Re capacity
Under the terms of the agreements, Sava Re will provide up to $10m (€9.25m) in line size for ASR’s core classes.
1st Central adopts Clearspeed voice-based technology
This move aims to expedite the settlement of legitimate claims and enhance fraud detection capabilities.
Pine Walk Capital introduces new international casualty MGA
Sevanta will write primary as well as excess business on a global scale.
ShoreOne, Trisura join forces to enhance coastal homeowners’ insurance
This collaboration is said to enhance ShoreOne’s capacity to serve homeowners in select coastal regions.
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Preservation Capital to invest in CPRI broker Berry Palmer & Lyle
PCP managing partner Jatender Aujla will become part of the BPL board, while the existing leadership team will remain in place.
Argo Group appoints new CEO and CFO
David Chan has been appointed as the new CFO, succeeding Chris Donahue.
Tabit Insurance obtains $40m bitcoin-funded facility
This move aims to enable real-time verification of funds by regulators and auditors.
UK’s FCA initiates probe into protection insurance sales
The FCA has concerns over practices that may not represent fair value, such as commission practices that could inflate premiums.
Palomar to buy crop insurer Advanced AgProtection
This move comes after Palomar made an investment in AAP in 2023, marking the start of their partnership.