NexFrontier Risk Intelligence launches & more…Keep up with what has been happening this week in our latest insurance news round-up…
US P&C insurance industry posts strongest underwriting result since 2013
The U.S. property/casualty (P/C) insurance industry posted a net combined ratio of 96.6 in 2024, a 5.1-point improvement from the previous year and its strongest underwriting result since 2013, according to a report by the Insurance Information Institute (Triple-I) and Milliman.
NexFrontier Risk Intelligence launches
NexFrontier Risk Intelligence has launched as a consulting practice focused on climate, catastrophe, and emerging risks for the (re)insurance sector.
Industry welcomes FCA’s plan to simplify insurance rules
The Financial Conduct Authority (FCA) has announced plans to remove outdated or duplicate requirements from its insurance rulebook, aiming to reduce costs and improve access for businesses and consumers who rely on insurance to manage risk, while still ensuring appropriate levels of protection.
UK watchdog launches investigation into Aviva’s £3.7bn takeover of Direct Line
CMA has up to 40 working days to evaluate agreement’s possible impact on competition in insurance sector.
How Trump’s 90-day tariff reprieve will impact the global insurance industry
The US back-down on tariffs will have some short and long-term impacts.
