Italian insurers are well-positioned to withstand the government’s planned levy on the sector to support the 2025 state budget, according to Morningstar analysts. “In our view, pending the final drafting of the budget law, the new measure would not have a material credit impact on Italian banks and insurers,” Andrea Costanzo of the Morningstar DBRS European Financial Institution Ratings team said. Read the full story here: https://ow.ly/ioTj50TNuAn
Intelligent Insurer
Insurance
London, England 45,077 followers
Bringing you the latest, must-read insurance and reinsurance news from around the world.
About us
Intelligent Insurer brings you the latest, must-read insurance and reinsurance news. Our website showcases all the major news stories each day, from results reporting to new hires and everything in-between. You can subscribe to our daily newsletter for free, getting these daily news stories sent straight to your inbox. Each week we publish in-depth analysis pieces from our in-house editorial team who examine the most pertinent issues in the sector. Intelligent Insurer also offers a wide range of special reports such as ‘Influential Women in Re/insurance’ through to region specific analysis of jurisdictions like Gibraltar. Find out more at our website www.intelligentinsurer.com.
- Website
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http://www.intelligentinsurer.com/
External link for Intelligent Insurer
- Industry
- Insurance
- Company size
- 11-50 employees
- Headquarters
- London, England
- Type
- Privately Held
- Founded
- 2005
- Specialties
- Insurance, Reinsurance, Broking, Insurtech, ILS, Risk Management, Regulation, Alternative Capital, Catastrophe Coverage, Property and Casualty , Appointments, Mergers & Acquisitions , and InsurTech
Locations
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Primary
Elmfield Road
Bromley
London, England BR1, GB
Employees at Intelligent Insurer
Updates
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Miller has appointed Clare Lebecq, former Specialist Risk Group executive, as COO to drive its UK and international expansion. James Hands, CEO, commented: “As we continue to scale our business and expand our footprint both in the UK and internationally, Clare will be instrumental in ensuring our operational capabilities allow us to continue delivering the highest quality client service.” Read more on the appointment here: https://ow.ly/OsR550TNuu4
Miller snags ex-SRG COO for UK and international expansion
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HCI Group estimates $750 million in losses from Hurricanes Debby, Helene, and Milton, with a $60 million Q3 net impact after reinsurance; it still expects a pre-tax profit for the quarter. Paresh Patel, chairman and chief executive officer of HCI, said: “The company is able to absorb these losses because of our strong balance sheet, our conservative reinsurance programme with over $2 billion of occurrence reinsurance limit and over $3 billion of aggregate reinsurance limit, and our profitability.” Read more on the story here: https://ow.ly/Rkt550TNunv
Florida’s HCI Group weathers $750m hurricane losses
intelligentinsurer.com
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Mission Underwriters has launched Carrow Insurance, a new multi-class MGA for the UK and Europe, led by former AmTrust CEO Ronan Conboy. The MGA will initially focus on warranty, accident & health, and income protection products, with plans to expand by 2025, supported by capacity from Accelerant and a network of brokers. Adrian Morgan, CEO of Mission Underwriters UK & Europe, said: "Mission doesn't just invest in businesses; we bet on visionaries who can reshape the insurance landscape." Read the full story here: https://ow.ly/xsrt50TNuc4
New MGA launches with multi class focus, led by ex-AmTrust chief
intelligentinsurer.com
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Insights from the Monte Carlo Rendezvous with Stuart Shipperlee, Managing Director at Litmus! In this exclusive interview, Stuart shares his biggest takeaway from this year's event, offering a unique perspective on the future of our industry. Don’t miss this chance to gain valuable insights from a thought leader in the re/insurance space! For more insights from the Monte Carlo Rendezvous 2024, visit our Monte Carlo Today hub: https://ow.ly/kbCH50TKVjV #RVS2024
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Join us at Claims Network: London on December 3, 2024! This exclusive, invitation-only event brings together senior claims leaders from top organisations like Aviva, Munich Re, Chubb, Zurich, and more to discuss claims transformation and innovation. Expect engaging sessions on data-driven strategies, customer-centric processes, and navigating digital transformation in claims. With event partners Xerox, Synpulse, Consilio, and Digital Workforce, this is a unique opportunity for personalised one-on-one meetings and targeted interactions. Don't miss out on connecting with industry experts and exploring cutting-edge solutions. More info here: https://ow.ly/8hgR50TLIhc #ClaimsNetwork #ClaimsTransformation #InsuranceInnovation
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Progressive Insurance reported $563 million in catastrophe losses in the Southeastern U.S. from Hurricane Helene in September, according to its Q3 financial results. The company said it incurred 9.0 loss ratio points, related to Hurricane Helene. The highest losses were incurred in vehicle losses which stood at $401 million and included boats and recreational vehicles. Read more insights here: https://ow.ly/VUKQ50TMvlI
Progressive faces heavy cat losses from Hurricanes Helene and Milton
intelligentinsurer.com
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European insurers are “well on track” for strong full-year performance, despite nuances in local market dynamics, according to Fitch Ratings. “Most insurers are well on track for a robust full-year performance, as interest rate cuts have started and insurance price increases are likely to have peaked,” Fitch said, noting that European insurance companies posted “strong” H1 2024 results despite diverse national patterns. Read more insights here: https://ow.ly/o0sO50TMvf1
European insurers eye strong FY24 amid varying market dynamics
intelligentinsurer.com
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Tokio Marine HCC (TMHCC) has appointed Liberty Mutual veteran David T Perez as president of excess casualty to spearhead its entry into the U.S. excess casualty market, overseeing the launch and expansion of its specialty product offerings. Susan Rivera, CEO of TMHCC, said: “TMHCC’s entry into the excess casualty market at this pivotal juncture once again demonstrates our unwavering commitment to the needs of insureds and aligning capacity where it is required most.” Read more on the appointment here: https://ow.ly/eoKi50TMv6J
Tokio Marine to enter US excess casualty market with Liberty Mutual veteran
intelligentinsurer.com
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Highlights from Monte Carlo Rendezvous with Shevawn Barder, CEO and Principal of AM RE and ASIC! In our exclusive interview, Shevawn dives into: -The big talking points at Monte Carlo this year -The intriguing aspects of the insurance and reinsurance industry -What sets Monte Carlo apart as the premier re/insurance conference on the calendar Join us for valuable insights from a leading voice in the industry! For more insights from the Monte Carlo Rendezvous 2024, visit our Monte Carlo Today hub: https://ow.ly/nVTh50TKUVU #RVS2024