Africa Specialty Risks launches first African-focused syndicate writing business at Lloyd's

Published on April 26, 2024
Africa Specialty Risks (ASR), the pan-African focused (re)insurance group, has launched ASR Syndicate 2454 focused on underwriting business across Africa.
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Kinsale Capital reports $98.9m net income in Q1’24 results

April 26, 2024
Kinsale Capital Group has reported a net income of $98.9 million for the first-quarter of 2024, an improvement compared to $55.8 million for the first-quarter of 2023.The firm also saw a significant 25.5% increase in gross written premiums (GWP) in Q1’24, totalling $448.6 million compared to $357.6 million for the first-quarter of 2023.This surge in GWP is credited to robust submission flow from b

Allstate will return to writing policies in California when reforms are enacted: report

April 26, 2024
U.S. primary insurer Allstate will be open to business in nearly every part of California once new regulations are enacted that enable the firm to factor in the output of forward-looking catastrophe models and its reinsurance costs, reports Bloomberg.Last month, we discussed new regulation announced by the state’s Insurance Commissioner, Ricardo Lara, designed to allow for an expanded use of catas