Financial Services Archives - Life Insurance International https://www.lifeinsuranceinternational.com/sector/financial-services/ Wed, 02 Jul 2025 09:40:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://www.lifeinsuranceinternational.com/wp-content/uploads/sites/8/2022/01/cropped-Life-Insurance-150x150.png Financial Services Archives - Life Insurance International https://www.lifeinsuranceinternational.com/sector/financial-services/ 32 32 <![CDATA[Chariot Re debuts with reinsurance deal backed by MetLife and General Atlantic ]]> https://www.lifeinsuranceinternational.com/news/chariot-re-debuts-metlife-general-atlantic/ https://www.lifeinsuranceinternational.com/wp-content/uploads/sites/8/2025/07/metlife-shutterstock_1425397412.jpg Wed, 02 Jul 2025 09:40:22 +0000 Chariot Re has undertaken its first roughly $10bn reinsurance transaction with a MetLife subsidiary.

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<![CDATA[Unum America closes reinsurance transaction with Fortitude Re ]]> https://www.lifeinsuranceinternational.com/news/unum-america-reinsurance-fortitude-re/ https://www.lifeinsuranceinternational.com/wp-content/uploads/sites/8/2025/07/unum-shutterstock_2589924533.jpg Wed, 02 Jul 2025 09:24:26 +0000 The agreement involves Unum America ceding $3.4bn of LTC reserves and nearly $120m of in-force IDI premiums.

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<![CDATA[Hiscox unveils API solution for cargo risks ]]> https://www.lifeinsuranceinternational.com/news/hiscox-api-cargo-risks/ https://www.lifeinsuranceinternational.com/wp-content/uploads/sites/8/2025/07/hiscox-shutterstock_2279398095.jpg Tue, 01 Jul 2025 08:17:34 +0000 The solution will serve the insurance needs of SMBs involved in the transportation and storage of goods. 

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<![CDATA[SiriusPoint names new chief risk officer ]]> https://www.lifeinsuranceinternational.com/news/siriuspoint-chief-risk-officer/ https://www.lifeinsuranceinternational.com/wp-content/uploads/sites/8/2025/06/siriuspoint-shutterstock_2389108793-1.jpg Mon, 30 Jun 2025 08:12:09 +0000 Andrew Pryde will be responsible for overseeing the company’s global risk management strategy. 

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<![CDATA[Corebridge Financial strikes $2.8bn reinsurance deal with Venerable ]]> https://www.lifeinsuranceinternational.com/news/corebridge-reinsurance-deal-venerable/ https://www.lifeinsuranceinternational.com/wp-content/uploads/sites/8/2025/06/corebridge-shutterstock_2242552729.jpg Fri, 27 Jun 2025 10:40:07 +0000 The deal encompasses Corebridge's entire variable annuity in-force book, with a total account value of $51bn. 

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<![CDATA[AXA creates unified Ceded Re team for streamlined operations]]> https://www.lifeinsuranceinternational.com/news/axa-creates-unified-ceded-re-team/ https://www.lifeinsuranceinternational.com/wp-content/uploads/sites/8/2025/06/AXA26June2005shutterstock_2017769915.jpg Thu, 26 Jun 2025 14:17:03 +0000 This move is part of AXA’s plan to streamline operations and execute a cohesive strategy.

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<![CDATA[Howden gains regulatory nod for reinsurance operations in Saudi Arabia  ]]> https://www.lifeinsuranceinternational.com/news/howden-reinsurance-operations-saudi-arabia/ https://www.lifeinsuranceinternational.com/wp-content/uploads/sites/8/2025/06/howden-shutterstock_2467876389-2.jpg Thu, 26 Jun 2025 10:21:40 +0000 The Saudi operation will provide reinsurance brokerage services including treaty and facultative placements. 

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<![CDATA[Instnt teams up with Munich Re to enhance Fraud Loss Insurance solution]]> https://www.lifeinsuranceinternational.com/news/instnt-teams-up-with-munich-re/ https://www.lifeinsuranceinternational.com/wp-content/uploads/sites/8/2025/06/AI.jpg Wed, 25 Jun 2025 10:50:55 +0000 The solution merges AI-driven identity verification and fraud detection with insurance-backed protection.

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<![CDATA[MAPFRE USA appoints new executive vice-president and general counsel]]> https://www.lifeinsuranceinternational.com/news/mapfre-usa-appoints-new-executive/ https://www.lifeinsuranceinternational.com/wp-content/uploads/sites/8/2025/06/Mapfre-shutterstock_1324097510.jpg Wed, 25 Jun 2025 10:42:18 +0000 Mark Pasko will oversee the company’s legal, regulatory and government affairs in the US.

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<![CDATA[Kansas City Life Insurance to pay $45m to settle class action lawsuit]]> https://www.lifeinsuranceinternational.com/news/kansas-city-life-insurance/ https://www.lifeinsuranceinternational.com/wp-content/uploads/sites/8/2025/06/LI-2shutterstock_2473627581.jpg Wed, 25 Jun 2025 08:30:57 +0000 The litigation concerns cost of insurance rates in certain universal life and variable universal life policies.

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