Underwriting
Britain Contributes $35M to Climate Risk Insurance Hedge Fund
Britain is backing a hedge fund that aims to raise $200 million to give developing countries access to climate risk insurance. Britain's Department for International Development (DFID) is investing ...
Swiss Re CEO Mumenthaler Sees Value in Adding Anchor Shareholder
Swiss Re AG's chief said the reinsurer would welcome an anchor investor after being approached by billionaire Masayoshi Son's SoftBank Group Corp. In a business where results can change radically ...
Picture an experienced underwriter who’s spent 30 years building carrier relationships, spotting risks others miss, and mentoring producers. Over the...
Anbang Insurance Seized by Chinese Government; Founder Charged With Fraud
China's government seized temporary control of Anbang Insurance Group Co. and will prosecute founder Wu Xiaohui for alleged fraud, cementing the downfall of a politically-connected dealmaker whose ...
Mobile Broadband Access and Auto Collision Frequency Uncorrelated, Actuaries Find
Mobile broadband access—used as an indicator of the likelihood that drivers may be using mobile devices while driving—appears to have no impact on collision frequency, according to a recent ...
Liberty Mutual’s Safeco to Take Over MAPFRE’s Personal Lines Biz in Three States
MAPFRE Insurance, which last year decided to exit five states and focus on 11, is turning over its personal lines business in three of those five states to Safeco Insurance, a Liberty Mutual unit. ...
UK’s Legal & General Seals Deal to Bring Slice Lab’s On-Demand Insurance Platform Overseas
Slice Labs, a New York-based developer of on-demand insurance, has expanded overseas for the first time through a new partnership with the venerable UK carrier Legal & General. Their initial ...
Obscure N. Korea Cyber Espionage Group Reportedly Broadens Reach
A North Korean cyber espionage group previously known only for targeting South Korea's government and private sector deepened its sophistication and hit further afield including in Japan and the ...
Cyber Risk Insured Losses Reached Record Levels in 2017: PCS/Verisk
Cyber risk insured losses reached $400 million in aggregate across three events in 2017, the largest annual level yet tracked by the Property Claims Services Unit of Verisk Insurance Solutions. "With ...