Of Special Interest


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19th February 2023

Newslink Global Insurance Trends-Editor's Weekly Highlights

This week, financials were published by big players AIG, Allianz, and Swiss Re; and also included those from IAG; Arch Capital, Fairfax Financial, Lancashire, and Ryan Specialty.
Caribbean Risk Group(CRG) launched London operations, partnering with Lloyd’s broker Ramon, and Cartan Trade, the new credit insurance provider in France and Europe, continued its strong growth dynamic by opening its operations in the UK and appointing a head of UK and Ireland. RiverStone International completed a RITC and LPT transactions with MS Amlin, and Tokio Marine Kiln(TMK) was awarded Gracechurch’s Service Quality Marque for Claims for the seventh year in a row. BMS Iberia signed a deal to acquire Seguros Viafina, the Spanish specialty insurance and reinsurance broker.
Verisk estimated that economic losses from the earthquakes in Turkey are likely to exceed $20bn with insured losses to exceed $1bn. Howden adopted the Whitespace platform to drive a data first approach for both the London and global (re)insurance markets. M&A tech and InsurTech firm io.insure, the world’s first online mergers and acquisitions(M&A) insurance marketplace for SME transactions, announced its launch in the UK with the appointment of George Apperly as managing partner, whilst wefox, a leading InsurTech, was awarded the Digital Trust Label by The Swiss Digital Initiative, a Geneva-based independent foundation for advancing digital trust and transparency globally. Sapiens announced the launch of its cloud-first Life core platform CoreSuite for Life & Pensions with South Africa’s Hollard Group Risk(HGR), and Majesco reported on a successful 2022.
The European Union's sectoral social partners-of which Insurance Europe is an active member-wrote to the European Commission(EC) to express their concerns about its proposed changes to its logistical and technical support to EU sectoral social dialogue.


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