Insurtech & AI
Ledgebrook raised $200m in primary equity. Allianz X and Rockefeller Capital Management co-led the round, and Allianz Re agreed a multi-year reinsurance agreement with the company.
Source: Ledgebrook
Risk & Catastrophe
TWIA projects a total need of about $2.05bn of reinsurance and catastrophe bonds for 2027, with existing cat bonds possibly reducing new purchases to about $1bn, and a risk transfer budget about 18% lower, Artemis reported.
Source: Artemis
Reinsurance
AM Best affirmed the 'A' (Excellent) financial strength rating of Barbados-based Active Capital Reinsurance, with a stable outlook, Middle East Insurance Review reported.
Source: Middle East Insurance Review
Insurance
Industry bodies in Australia, Canada, New Zealand and the UK form an alliance on affordability, climate risk and insurance access.
Source: Insurance Council of Australia
Reinsurance
The agreement covers dollar-denominated whole life reserves from Prudential Financial’s Japanese businesses.
Source: Prudential Financial / Prismic Life
Reinsurance
The reinsurer assumes longevity risk on American National pension risk transfer liabilities.
Source: Pacific Life Re
Insurance
illumin Specialty plans to offer primary general liability and excess liability through wholesale brokers.
Source: Amwins
Markets & Results · In context
Two proposed transactions worth about $185m form part of the US group’s plan to reduce its emerging-market footprint.
Source: Prudential Financial
Insurance
An updated product article describes an 18-month indemnity period and cover for temporary replacement hardware.
Source: CFC
Reinsurance
The Munich Re transaction covers biometric risk on a block with C$3.2bn of reserves at an 80% quota share.
Source: Manulife
Insurtech & AI · In context
The software provider’s platform targets policy, billing, claims and data migration, with human review of mapping decisions.
Source: Sapiens
Insurtech & AI · In context
Eligible Canadian travellers can explore CoverMe cover in a conversational channel, then complete the purchase on the insurer’s site.
Source: Manulife