Korea: Insurers confront hurdles in redeeming bonds

Published on 1 May 2025
The Financial Supervisory Service (FSS) has suspended the early redemption of subordinated bonds by Lotte Insurance, creating significant ripples throughout the insurance industry, reported Business
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WTW launches AI-driven monitoring tool, Radar Vision

1 May 2025
WTW, an advisory, broking, and solutions firm, has launched Radar Vision, an AI-driven performance monitoring tool built specifically for insurers that provides early actionable insights for pricing, portfolio management, underwriting, and claims, allowing rapid response to emerging trends.The global insurance industry’s turbulent conditions have continued for a few years, with significant inflati

Allstate lifts top of catastrophe reinsurance tower to $9.5bn for 2025-2026

1 May 2025
US primary insurer Allstate has completed the placement of its 2025-2026 Nationwide Excess Catastrophe Reinsurance Program, lifting the top of the tower by around $1.6 billion to $9.5 billion of loss, excess a $1 billion retention.At this year’s renewal, Allstate’s per occurrence excess agreements placed in the traditional reinsurance market consist of contracts providing the firm with coverage fo