Commercial Lines
Reinsurer Natural Catastrophe Losses Will Surpass Budget Expectations for the 5th Consecutive Year
For the fifth year in a row, insured losses from natural catastrophes are shaping up to be at or above reinsurers' budget expectations. But the sector can handle the pressure due to "very strong ...
Ping An Sees Market Value Plunge Due to Investor Worry About China Uncertainties
China's Ping An Insurance (Group) Co. has long argued it should be treated like a high-growth technology company instead of a seller of life policies. After a $90 billion plunge in its market value, ...
Corporate Climate Risk Disclosures Still Falling Short
Around half of companies assessed have begun to apply globally-agreed climate-related disclosure standards for helping investors to pick firms committed to sustainability, regulators said on ...
While Insurers Remain Wary, Scooter Providers Are Pursuing Scale to Survive
The era of breakneck growth for electric scooter firms is giving way to more selective expansion focused on profits as they face tougher regulations, more demanding customers and wary insurers. Hurt ...
Lockton Forms Special Team Focused on Digital Asset Protections
Insurance broker Lockton Companies announced the formation of special team focused on risk transfer for companies in the evolving blockchain and cryptocurrency industry and their digital assets. In ...
Cyber MGU At-Bay Boosts Series D Round to $205M With $20M Extension
Cyber MGU At-Bay, three months after securing a $185 million venture capital financing round, is celebrating raising another $20 million. How to classify this additional $20 million infusion from new ...
New Partnerships Target Claims Experience, Climate Resilience and Auto Risk Assessment
One partnership will focus on boosting the claims experience for insurers and policyholders. Another looks to promote climate resilience and target social inequities. A third help insurance companies ...
Russian Online Insurer Seeks $1 Billion Valuation for IPO
Renaissance Insurance Group JSC, Russia's largest online policy provider, set a price range for its initial public offering in Moscow that values the company at as much as 73.3 billion rubles ($1 ...