Lloyd's/London Market

American Club Publishes Marine P&I Update

The American Club experienced an encouraging 2022 P&I renewal season. Both its mutual and fixed premium portfolios performed well, with increases in rating for its mutual business somewhat exceeding Board mandates, and its EOM fixed […]

InsureTech

Deals: Slide Acquires Big Chunk of Biz From St Johns Insurance

Slide, a full-stack insurtech based in Tampa, announced their acquisition of $400 million in premium from St. Johns Insurance Company. With this transaction, Slide provides continuity of coverage to an estimated 150,000 policyholders and voluntary appointments […]

Global insurance trends

Rokstone Agrees Deal With Zavarovalnica Triglav

Rokstone, the International Speciality (Re)Insurance MGA, part of Aventum Group, has today announced a binder agreement with Slovenian insurer Zavarovalnica Triglav, to provide the MGA with an additional €1 million line for Facultative Property worldwide.  The deal was brokered by Howden RE, […]

Insurance Regulation

AI Intelligence Act is A Wake-Up Call

Companies need to allocate greater resources to managing risks from Artificial Intelligence (AI) ahead of the introduction of the European Union’s Artificial Intelligence Act, a new report from leading independent research and advisory firm Verdantix […]

InsureTech

Private Hire: Insenture Partners With ThingCo

In a new deal demonstrating the power of next generation telematics in commercial insurance, Insenture Underwriting  has partnered with ThingCo, the telematics insurtech to support the launch of fayre. – a specialist insurance product developed for private hire taxis. […]

Insurance Regulation

New Cap Comes Into Effect For CMCs

The latest from the FCA; From today, new restrictions will apply to claims management companies (CMCs) to prevent them from charging excessive fees to consumers owed compensation from financial services firms. Under new Financial Conduct […]