Oak Re syndicate 2843 receives final Lloyd’s approval

Global reinsurer’s syndicate backed by Bain Capital and Hampden Agencies to begin underwriting from January 1, 2025       Related Stories Daily Digest: The rise of marine MGAs, UK captives plan welcomed, Oak Re syndicate approved Oak Re syndicate 2843 receives final Lloyd’s approval Everest launches insurance business in Italy  

Everest launches insurance business in Italy

The launch in Italy follows the Bermuda-based group’s recent expansion into other key international markets       Related Stories AM Best raises outlook on US personal motor sector to stable Florida insurers book $5.17bn in Helene and Milton losses to date Hamilton Re launches credit, bond, and political risk reinsurance operation  

Ryan Specialty bolsters international underwriting team with three hires

Ben Purkiss has been named the division’s head of business development       Related Stories Ambac to shed bond business to focus on specialty lines HCI to cede majority of hurricane losses to reinsurers Daily Digest: Swiss Re calls for more nat cat mitigation, MGAs and AI adoption, Verisk on Milton losses  

HCI to cede majority of hurricane losses to reinsurers

Florida home insurer will retain only $185m of its $750m in gross losses from hurricane Debby, Helene and Milton        Related Stories Ryan Specialty bolsters international underwriting team with three hires Ambac to shed bond business to focus on specialty lines Daily Digest: Swiss Re calls for more nat cat mitigation, MGAs and AI adoption,…

Daily Digest: Swiss Re calls for more nat cat mitigation, MGAs and AI adoption, Verisk on Milton losses

Catch up on the essential news and analysis from the Insurance Day experts       Related Stories Ryan Specialty bolsters international underwriting team with three hires Ambac to shed bond business to focus on specialty lines HCI to cede majority of hurricane losses to reinsurers  

MGAs more open to adoping AI: Xceedance’s Parcelli

Workforce constraints will drive greater use of artificial intelligence, especially in smaller firms, executive at insurance services firm says       Related Stories Customer churn ‘threatens growth of cyber market’: CFC’s Trueman Hull underwriting profits are ‘too good’ right now: Marsh’s Nevill Spain’s catastrophe scheme in strong position to face climate change