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IHC, BlackRock launch US$1bn AI-powered reinsurance venture headquartered in Abu Dhabi
May 12 2025
Platform has strategic ambitions focused on Middle East and Asia with plans to use AI for faster risk assessment.
Underwriting volatility prompts outlook revision to negative for Korea P&I Club: AM Best
May 12 2025
The Club reported a KRW 7.3bn (US$5.14m) loss alongside a combined ratio of 204% last year.
Lloyd's syndicates launch policies to cover AI errors and underperformance: Report
May 12 2025
Armilla-developed product covers third-party claims arising from underperforming AI tools, including chatbots.
AXA XL grows Australia claims team with new specialist appointments
May 12 2025
Tylie Petrovski joins in Brisbane, while Ilija Bogoevski and Rebecca Williams take on new roles in Sydney.
Claims from Cyclone Alfred, North Queensland floods reach A$1.5bn: ICA
May 12 2025
Alfred alone has driven over 116,000 claims, with an average payout of A$10,000.
Marine insurers consider 15-25% AWRP increase due to India, Pakistan tensions: S&P
May 12 2025
Recent escalation has also prompted a surge in war risk inquiries.
GlobalData cuts marine, aviation, and transit insurance growth forecast amid US tariff impact
May 10 2025
Insurers face increased risks and costs as US tariffs reshape the global MAT insurance landscape.
Fitch upgrades Hanwha Life's IFS ratings to ‘A+’ amid rising profitability
May 10 2025
Firm's rise in risky asset exposure is more than offset by improved ROE and strategic focus on high-margin products.
HCF Life fined A$750,000 over misleading contract term in life policies
May 9 2025
The Federal Court of Australia finds concerns in policies in the life insurer’s ‘Recover’ range.
Cyber reinsurance market reaches inflection point as losses grow: Howden Re
May 9 2025
With more losses flowing through the system, the cyber reinsurance market is under pressure to scale capacity.
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