Markets
Reinsurance Price Hikes to Boost Underwriting Margins
In a report published Tuesday, Fitch Ratings forecasted that sharp reinsurance price hikes achieved during Jan. 1 renewals will improve underwriting margins for its rated global reinsurance universe ...
Beazley Launches Global Re/Insurance Market’s First Cyber Catastrophe Bond
Specialist insurer Beazley has launched the global insurance market's first cyber catastrophe bond.
The $45 million bond gives Beazley ...
Seattle Schools Sue Social Media Platforms Over Mental Health Crisis
The public school district in Seattle has filed a novel lawsuit against the tech giants behind TikTok, Instagram, Facebook, YouTube and Snapchat, seeking to hold them ...
Cat-Exposed Property Highlights Q4 Rate Increases: MarketScout
According to MarketScout's Market Barometer, the fourth-quarter 2022 composite rate for U.S. commercial lines was up 5.1 percent.
The ...
Insurance Pricing: True D&O Buyer’s Market; Stabilized Commercial Auto
Insurance brokerage USI is forecasting that half of 32 commercial insurance product lines analyzed will experience softer pricing in the first half of 2023—including a predicted "buyer's market" ...
D&O Insurer Dodges Coverage for $4.9M Embezzlement Scheme
A directors and officers insurer has no duty to defend a New Mexico financial organization from litigation filed after its former chief executive officer was convicted of ...
January Renewals See Hardest Property-Catastrophe Reinsurance Rates in Generation
A convergence of global events has led to the hardest property-catastrophe reinsurance market in a generation and a "complex," "grueling" and "late" January renewal ...
Cyber Insurance Themes to Look Out for in 2023
As the Roman God Janus (for which, of course, the month January takes its name) reflects both looking backwards and forwards in transition, the dawn of a New Year ...
