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News
EQT to acquire majority stake in McGill and Partners for $2bn
6+ day, 16+ hour ago (335+ words) Swedish investment firm EQT has agreed to buy a majority stake in speciality reinsurance broker McGill and Partners from Warburg Pincus in a deal valued at $2bn (Skr19.2bn). Under the deal, Warburg Pincus will sell its equity stake in full. McGill’s founders,…...
Hannover Re US Appoints Sean Conrad as Senior Vice President and Head of Traditional Life Pricing and Data Analytics
1+ week, 5+ day ago (286+ words) The Globe and Mail Hannover Re US Appoints Sean Conrad as Senior Vice President and Head of Traditional Life Pricing and Data Analytics Hannover Life Reassurance Company of America (“Hannover Re US”) is pleased to announce that effective today, Sean…...
European heatwave mortality is pressing on insurer financials - but ratings are not yet at risk
2+ week, 5+ day ago (616+ words) Insurance Business European heatwave mortality is pressing on insurer financials - but ratings are not yet at risk This summer's excess deaths are financially real for European life re/insurers. S&P's conclusion is that the market can absorb them. Its…...
Europe's heatwaves expose insurance gap as business losses mount
4+ week, 1+ day ago (84+ words) President Murmu, PM Modi pay tribute to Vajpayee at 'Sadaiv Atal' PM Modi, ministers attend President Murmu's 'At Home' reception Viral Moment: Modi picks up kid's fallen cap, puts it back on her head Manufacturing to soft power, PM unveils…...
European wildfires to be very costly for insurers
1+ mon, 2+ day ago (337+ words) Life Insurance International The impact of severe weather events is increasingly hurting insurers and this is particularly evident in the summer of 2026 across Europe. Wildfires have been spreading across France, Spain, and Greece throughout the summer. France has been hit…...
Heatwave deaths not yet enough to change life insurance assumptions
1+ mon, 3+ week ago (670+ words) "It's a little bit too soon to get a firm conclusion," Anderson told Insurance Business UK. "In the past, where you've had heatwaves where there have been more deaths than we were expecting, usually for a few weeks after that…...
Japan’s Kyuden Mirai supplies wind power to Nippon Life Insurance
1+ mon, 4+ week ago (140+ words) Renewables Now Shell to sell Sprng Energy group to Aditya Birla platform for USD 1.8bn Turkey announces tenders for 2,400 MW of wind, solar energy Masdar closes financing for USD-6.1bn solar, BESS project in Abu Dhabi Baltic Power feeds first offshore wind…...
Festina Finance raises €25 mn to expand life insurance and pension technology across Europe
2+ mon, 2+ week ago (363+ words) Copenhagen-based FinTech Festina Finance secured more than €25 mn in growth funding from UK-based investor Birchway Capital. The startup investment values the at about €200 mn and will support product development and international expansion, according to Beinsure. Birchway Capital focuses on growth-stage…...
Festina Finance Raises €25M Growth Capital
2+ mon, 3+ week ago (202+ words) Festina Finance raises €25M in growth capital led by Birchway Capital to scale its cloud-native pension and life insurance software platforms across Europe. Festina Finance Raises €25M Growth Capital at €200M Valuation Copenhagen-based Festina Finance, a provider of cloud-native modular technology platforms for…...
Thailand: Government pushes ahead with mandatory tourist insurance plan amid rising unpaid medical bills
4+ mon, 1+ week ago (284+ words) One battle after another Life industry bounces back from a period of uncertainty Taiwan reinsurance at inflection point on ICS shift Nat CAT in Australia not a 'surprise', but do reflect gaps in readiness Performance-based designs vital to managing fire…...