Commercial Lines
New Post-COVID Hybrid Work Arrangements May Not Be Flexible or Functional
Fourteen months after coronavirus confined the world's office-workers to their homes, companies are embarking on another great experiment — how to get their teams back together, in-person, at least ...
Digital Transformation Is Vital to Keeping the London Market Competitive
Digital transformation is imperative to remaining competitive in the London market, according to the results of a new survey published by the International Underwriting Association (IUA). Companies ...
Around 30 Percent of Eurozone Corporate Loans Exposed to Climate Hazards
Eurozone banks face potential climate hazards such as floods and droughts on up to a third of their loans to companies, with lenders in Greece, Portugal and Spain among the most exposed, the European ...
Does Cyber Insurance Protect Against Hackers or Attract Them?
The ransomware attack on Colonial Pipeline Co. that caused gasoline shortages along the U.S. East Coast also sparked a debate about whether cyber insurance helps protect against marauders — or ...
New Spinnaker CEO Ostergaard Embraces Synergy Hippo Ownership Brings
Hippo-owned Spinnaker Insurance Company appointed a former USAA executive as its new president and CEO. Torben Ostergaard is signing onto Spinnaker after more than a decade in various c-suite ...
‘Modest Improvement’ for Commercial Auto Could Lead to Break-Even 2021: Fitch
Commercial auto insurance is on the road to "modest improvement" for 2021, thanks to both rising rates and a pandemic-related reduction in driving, according to a new Fitch Ratings report. Fitch said ...
PartnerRe Loses $66M in Q1, Due in Part to Winter Storm Uri
PartnerRe lost $66 million in the 2021 first quarter, due in part to market volatility and $104 million of net losses from Winter Storm Uri. At the same time, the company has enjoyed momentum from ...
Short Seller Muddy Waters Accuses Lemonade of Neglecting Website Security Vulnerability
Lemonade co-founder Shai Wininger is denying accusations from an activist short seller that the insurer's website has a serious security vulnerability. Muddy Waters Capital claims in a May 13 open ...