Commercial Lines
Negative Outlook Continues for U.S. Commercial Lines: A.M. Best
U.S. commercial lines insurers will continue to be tarnished by an A.M. Best negative outlook, thanks to COVID-19 economic uncertainty, social inflation and other challenges. A.M. Best first revised ...
Multiple Investors Back Cyber Insurance MGU At-Bay’s New VC Round
At-Bay secured a $34 million venture capital infusion that the cyber insurance MGU startup said will enable more hiring, further product launches, digital collaborations and technology improvements. ...
U.S. Cybersecurity Firm Breached; Internal Hacking Tools Stolen
FireEye, one of the largest cybersecurity companies in the United States, said on Tuesday that is has been hacked, possibly by a government, leading to the theft of an arsenal of internal hacking ...
As Rates Keep Hardening, Global Reinsurance Sector Receives ‘Stable’ Market Outlook
The outlook of the global reinsurance sector is "stable," which is mainly a reflection of hardening pricing conditions and tighter terms and conditions, according to AM Best and Fitch Ratings in two ...
Munich Re Will No Longer Cover Events Axed Due to Pandemics
German reinsurance group Munich Re will no longer insure against events canceled due to pandemics, a board member said on Tuesday. The world's largest resinsurer is making the change after it faced ...
Automated Police Drones Raise Privacy Concerns, and Other Risk Alerts
Police can now dispatch flying drones to answer 911 calls with the press of a button. Coastal cities in the U.S. could be facing a new housing crisis in the next few decades. Some ransomware gangs ...
Executives On The Move at Guy Carpenter and Aviva
Guy Carpenter appointed an executive to lead its Japan operations. Aviva named an AIG veteran TO lead its international operations. *** Guy Carpenter & Co. appointed Pietro Toffanello as Head of ...
Down to the Wire: Last-Ditch Effort to Secure a Brexit Deal
British and EU leaders will meet face-to-face to try to seal a post-Brexit trade deal after failing again to narrow their differences on Monday, increasing the chance of a disorderly parting of ways ...