Beazley raises $300m to expand & respond to Covid-19

Specialist London market insurance and reinsurance firm Beazley has successfully raised around $300 million through an equity placement designed to fund growth, enable it to capitalise on rates and help it respond to the Covid-19 pandemic. Beazley’s move, to raise capital, had been expected and comes on the heels of Hiscox doing the same. The…

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RKH & Descartes in parametric wind trade for European asset owner

RKH Reinsurance Brokers, a division of the Hyperion Insurance Group and parametric risk transfer and technology focused managing general agency (MGA) Descartes Underwriting have completed a wind risk trade for a European asset owner, using the AkinovA platform. The trade saw a European owner of outdoor advertising assets looking for a year’s supplemental insurance coverage…

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