Prudential and Wilton Re Finalize $11 Billion Reinsurance Deal to Boost Growth
December 21, 2024
Prudential seals an $11 billion reinsurance deal with Wilton Re, boosting financial flexibility and risk management in its guaranteed universal life insurance segment.
NFP Strengthens Employee Benefits Practice with Salus Group Acquisition
December 18, 2024
NFP boosts its employee benefits division by acquiring Salus Group, led by CEO Michael Brillati, enhancing its presence in the Central region.
AI Heightens Cybersecurity Risks and Opportunities in 2025 Breach Forecast
December 18, 2024
Experian’s forecast predicts a rise in AI-related cyber threats in 2025, as its dual role in cybersecurity poses both opportunities and significant risks.
Germany’s Non-Life Insurance Sector Faces Profitability Challenges Amidst Inflation and Competition
December 17, 2024
AM Best reaffirms a negative outlook for Germany’s non-life insurance sector, citing inflation and competition as key challenges to profitability amidst robust risk capitalization.
Axis Capital Enhances Underwriting Capabilities with $2.3 Billion Agreement with Enstar
December 17, 2024
Axis Capital has entered a $2.3 billion reinsurance deal with Enstar to enhance its specialty underwriting and streamline risk management.
Emerging Insurance Risks for 2025: Navigating Technology and Climate Challenges
December 17, 2024
As insurance faces evolving technology and climate risks by 2025, firms must adopt proactive strategies and innovative solutions to thrive amidst regulatory challenges.