Global Economy
The Latest Launches From Willis Towers Watson and Planck/Republic Indemnity
Willis Towers Watson said it is marketing an updated version of its Radar pricing software. Great American Insurance Group member Republic Indemnity has completed a pilot project with Planck, an ...
Down From Heady Highs, the U.S. Cyber Insurance Market Still Grew 8 Percent in 2018
The U.S. cyber insurance market dropped from robust, double-digit growth in 2017 to a still-healthy single-digit increase in 2018, Fitch Ratings said. For 2018, direct written cyber premiums grew 8 ...
Three Aspen Execs Depart, Others Promoted; UK MGA Placed in Runoff
Aspen Insurance Holdings Ltd. disclosed the departure of some veteran executives and the promotion of a number of others as part of a broad revamp of its leadership and operations. The Bermuda-based ...
Tornado Surge Struck U.S. in April; Strong Storms Also Hit Other Global Locales
An elevated number of tornadoes in the U.S. contributed to a substantive list of global natural catastrophes in April, according to Aon's latest monthly Global Catastrophe Recap report. Standout ...
WhatsApp Urges Users to Download Update After Spotting Software Vulnerability
WhatsApp pressed users to update its messaging service, following a report that a vulnerability in the software allowed attackers to hack into people's phones using commercial Israeli spyware. The ...
Accounting Firm Shows How Not to Handle a Cyber Hack
Dutch company Wolters Kluwer NV makes the software on which many of the world's small and mid-sized accounting firms run. Earlier this week, a cyberattack took down that software and presented a case ...
Carriers Over-Reliant on Federal Reinsurance Program Risk Ratings Downgrades: A.M. Best
A.M. Best warns that property/casualty insurers face the risk of rating downgrades if the U.S.-based federal terrorism reinsurance program isn't renewed by the end of 2020, and carriers are found to ...
InsurTech Investments Break Further Records in Q1
InsurTech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during ...