INSURASALES

Tag: Reinsurance

Nevada Launches Battle Born State Plans to Lower ACA Marketplace Premiums

Nevada introduces Battle Born State Plans, a public option aiming to reduce ACA marketplace premiums by 15% with support from a new reinsurance program to stabilize insurer markets and expand coverage options.

Oneglobal Acquires Bermuda-Based Life and Annuity Services to Expand Offerings

Oneglobal Broking acquires Bermuda-based Life and Annuity Services to enhance its life insurance and annuity planning capabilities, expanding offerings for corporate and individual clients.

SiriusPoint Sells Bermuda-Based MGA Arcadian to Lee Equity Partners for $139M

SiriusPoint sells its stake in Bermuda-based MGA Arcadian to Lee Equity Partners for $139 million, signaling strategic asset optimization in reinsurance and property/casualty sectors.

Global Indemnity's Penn-America Launches New Reinsurance MGA

Global Indemnity Group expands reinsurance capabilities with new MGA led by seasoned executive George Dragonetti, enhancing underwriting and growth.

CyberCube Secures $180M Investment to Advance Cyber Risk Analytics

CyberCube raises $180M from Spectrum Equity to enhance AI-driven cyber risk analytics and support growth in cyber insurance portfolios globally.

Resolution Life Names Jeff Davies CFO to Drive Strategic Financial Growth

Resolution Life appoints Jeff Davies as CFO to lead financial strategy and support growth amid integration with Nippon Life Group. Jonathan Moss shifts to CTO role overseeing underwriting.

Florida Tort Reform Revitalizes Property Insurance Market, Reports Gallagher Re

Gallagher Re's report details how 2022-23 Florida tort reforms have improved property insurance market stability by reducing litigation costs and enhancing insurer profitability.

Heritage Insurance Shares Surge on Strong Underwriting, Reinsurance Strategy

Heritage Insurance stock rises 11.7% on strong underwriting discipline and enhanced reinsurance program, positioning for growth in property and casualty insurance market.

AM Best Affirms 'A' Financial Strength Ratings for Ally Insurance Group

AM Best affirms stable 'A' ratings for Ally Insurance Group, highlighting strong capitalization and adequate operating results amid auto-sector challenges.

Marco Capital Acquires Benteler Reinsurance to Expand P&C Run-Off Portfolio

Marco Capital expands its European P&C run-off insurance portfolio with the acquisition of Benteler Reinsurance Company DAC, enhancing its strategy to rationalize non-core insurance entities.