Markets
Global Cyber Premiums Could Exceed $50B by 2030
The cyber insurance market potential is huge, with premiums likely to exceed $50 billion by 2030, according to a new report by global insurance broker Howden. With the potential to rival major ...
University Files Lawsuit Against Lloyd’s For Unpaid Cyber Insurance Claims
The Regents of the University of California sued Lloyd's of London, arguing the company refused to reimburse the university system for the costs of data breaches covered in a cyber insurance ...
InsurTech Profile: Goose Insurance Seeks to Remove Barriers in Personal Lines
Omar Kaywan says lack of education, awareness, accessibility and affordability are the key factors in being underinsured. His company, Goose Insurance, is aiming to change that by removing barriers ...
Fidelis Insurance IPOs; Valued at $1.5B in Lukewarm Market Debut
Fidelis Insurance Holdings notched a valuation of $1.5 billion on Thursday after shares of the reinsurer fell 6.4 percent on debut. The company joins a list of firms that have gone public this year ...
Personal Lines Driving Premium Growth; Commercial Lags: Swiss Re Analysis
After 15 consecutive quarters of lagging premium growth in commercial lines, personal lines became the main driver again, according to a Swiss Re report released last week. According to the ...
Nationwide E&S Exiting Commercial Auto Effective July 15
Nationwide E&S will stop writing wholesale-driven contract binding commercial auto new business, including primary brokerage auto effective July 15, according to an announcement released to ...
Insolvency Cost: Florida Tapping Muni Bond Market For First Time In Decades
The Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million by selling municipal bonds, according to preliminary offering documents. It is ...
CEO Viewpoints: How Carriers, Reinsurers Are Reacting to Inflation
During an industry conference last week, leaders of three property/casualty insurance organizations addressed a question about opportunities in the personal, commercial and reinsurance markets by ...