Tag: reinsurance

US cements its place as a leader in the Global InsurTech...

Key Global InsurTech investment stats in H1 2024: Global InsurTech investments halved in H1 YoY US companies cemented its place on the Global InsurTech...

UK dominated European InsurTech deals as funding in the region increased...

Key European InsurTech investment stats in H1 2024: European InsurTech funding increased by 17% in H1 compared to the last six months of 2023...

Asset-intensive reinsurer Martello Re secures $935m in equity funding round

Martello Re Limited, an asset-intensive reinsurer, has successfully closed a second round of equity funding, raising $935m from both existing and new shareholders.

Front Street Re names Edison Fong as its new CEO

Front Street Re (FSR), an international InsurTech and reinsurance company under Lexasure Financial Group Limited, has named Edison Fong as its new Chief Executive Officer (CEO).

BMS adopts Artificial Labs’ Contract Builder as part of its digital...

BMS, an independent specialist insurance and reinsurance broker, has adopted Artificial Labs' Contract Builder as part of its digital strategy.

Guy Carpenter launches cyber reinsurance offering

Guy Carpenter & Company, LLC, a prominent global risk and reinsurance specialist, has unveiled an innovative cyber reinsurance product.

Swiss Re acquires water risk intelligence leader Fathom

Swiss Re, a leading reinsurance provider, has announced its acquisition of Fathom, to compliment its own data and risk capabilities in the field of flood perils.

Hannover Re set ambitious €2.1bn net profit target for 2024

Hannover Re, a prominent global reinsurer, has predicted a substantial surge in its net profit for 2024, aiming to secure a minimum of €2.1bn.  

How hx Renew is enabling modern reinsurers to make better pricing...

A hard reinsurance market, though challenging, brings forth a unique opportunity for innovation and growth. Amidst the largest capital squeeze in reinsurance since 2008, the market faces reduced capacity, intensifying the need for fast, responsive, and precise pricing strategies as pivotal drivers of growth. Solutions such as Hyperexponential's hx renew are attempting to redefine this space, enabling effective pricing strategies and take ownership of the market.

Swiss Re sets lofty $3.6bn net income target for 2024

Swiss Re Group has unveiled ambitious financial targets, as it aims to improve its net income by $3.6bn in 2024.

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