The new partnership aims to help Howden centralise and streamline areas of its insurance broker accounting operations, increasing capacity for future growth and improving data control.
Lloyd’s has signed a memorandum of understanding (MoU) with the Bermuda Monetary Authority (BMA) with the goal of supporting and sharing knowledge and expertise across the international insurance market.
Reinsurance Group of America (RGA) has reached an agreement with Tokio Marine & Nichido Life Insurance (Anshin Life) to reinsure approximately US$638 million paid-up block of whole life policies through coinsurance.
The comment follows UK Prime Minister Rishi Sunak’s call for an early general election on 4 July 2024.
After a year in which nearly a fifth of companies had to restate earnings due to geopolitical events, businesses have seen another difficult year in 2024, with 69 percent reporting supply chain disruptions relating to geopolitics.
The new product offers management protection, covering D&O, corporate liability, employment practice liability and employee crime.
In his new role, Curt Hess will oversee the company's continued expansion in the US market
The London Market Group notes that the market for captive insurance worldwide is expected to reach US$161 billion by 2030, but the UK currently sees none of this business.
