Re/insurance broking giant Aon has announced the launch of a new parametric insurance solution that is designed to address and mitigate losses from hurricane-related storm surge along the coast of the United States, developed in partnership with Floodbase, a specialist in parametric flood risk, and global commercial insurer, Swiss Re Corporate Solutions.A key aspect of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japan’s Nomura said profits more than doubled in its latest quarter, to their highest point in four years, a day after the bank’s chief executive took a pay cut as he accepted accountability for a … Read more
Allianz Trade warns of surge in global business insolvencies | Insurance Business America Insurance News Allianz Trade warns of surge in global business insolvencies Report unveils factors behind forecast revisions Insurance News By Roxanne Libatique Allianz Trade has revised its projections for global business insolvencies, forecasting an 11% rise in 2024, followed by an additional … Read more
Megadeals surge in 2024 as M&A confidence rises – WTW | Insurance Business America Insurance News Megadeals surge in 2024 as M&A confidence rises – WTW Large transactions up 31%, but overall deal volume declines Insurance News By Kenneth Araullo Large transactions have driven mergers and acquisitions (M&A) activity in 2024, according to research from … Read more
Hurricane Milton has strengthened into a 100 mph storm and is expected to become a major hurricane later today. The NHC has now begun including storm surge height indications in its updates on Milton and from-the-off they call for between 8 and 12 feet of storm surge to impact Tampa Bay.Here, it’s worth noting that … Read more
