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Radian to acquire Inigo for $1.7 billion, to become a global multi-line specialty insurer

Radian to acquire Inigo for $1.7 billion, to become a global multi-line specialty insurer

by AIP Online Bureau | Sep 18, 2025 | International News, Non-Life, Reinsurance

The company’s expansion into the Lloyd’s global specialty market follows a strategic review to diversify beyond its traditional mortgage insurance offerings London: -Radian Group today announced that it has entered into a definitive agreement to acquire Inigo Limited,...
Indian insurers say RBI’s limit on duration for state debt STRIPS may dent demand

Indian insurers say RBI’s limit on duration for state debt STRIPS may dent demand

by AIP Online Bureau | Jun 23, 2025 | Eco/Invest/Demography, Indian News, Regulation

Earlier this month, the Reserve Bank of India enabled Separate Trading of Registered Interest and Principal of Securities (STRIPS) for state debt but said these securities can only be issued for bonds with a residual maturity of up to 14 years. MUMBAI: The Indian...

Toyota’s Japanese insurer sues South Africa over $361 million flood claim

by AIP Online Bureau | Jun 23, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The claim alleges that the floods, which closed the Prospecton plant for four months, cost the company about 4.5 billion rand in plant repairs and rehabilitation and more than 2 billion rand in business interruption, the newspaper reported. A 6.5 billion rand ($361...
Star Health hacker says death threats and bullets sent to executives at India’s biggest health insurer

Star Health hacker says death threats and bullets sent to executives at India’s biggest health insurer

by AIP Online Bureau | May 9, 2025 | Health, Indian News, Risk Management, Technology

Star Health, India’s biggest health insurer, has faced criticism from customers and data security experts since Reuters reported last September that xenZen had leaked sensitive client data, including medical reports. At the time, xenZen told Reuters in an email...

Insurers’ climate losses almost match premiums from fossil fuels

by AIP Online Bureau | Dec 11, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Risk Management

On average, fossil-fuel premiums account for less than 2% of total premiums, raising questions about why insurers aren’t using their immense influence to protect the other 98% of their business from spiraling climate risks Top insurance companies suffered $10.6...
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