Bahrain: Higher operating costs dent net profits of insurers in 1H

Published on November 1, 2024
The net profits of insurance companies operating in Bahrain fell by 43.5% to BHD15.78m ($41.87m) in the first half of 2024, compared to BHD27.91m in the corresponding period of 2023, according to the
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Property MGA Delos raises $9M to expand wildfire insurance for homeowners

November 1, 2024
Delos Insurance Solutions, a property insurance MGA, has raised $9 million in a Series A funding round to address homeowners’ challenges in securing wildfire insurance.This funding round was led by HSBC Asset Management, with contributions from IA Capital Group, Blue Bear Capital, Generation Space, and several angel investors.Using wildfire science and satellite imagery, Delos identifies propertie

Meredith Ramcharan & Grace Beveridge join QBE Re’s NA casualty team

November 1, 2024
QBE Re, the reinsurance arm of QBE Insurance Group, has announced the appointments of Meredith Ramcharan as VP Casualty Treaty Team Leader and Grace Beveridge as Lead Treaty Underwriter.These key hires will strengthen the firm’s North America (NA) Casualty Treaty team, with both new team members based at QBE Re’s New York City office.Ramcharan brings 15 years of experience across various casualty