Markets
Is ILS Missing the Mark on Cyber?
If fortune favors the brave, trepidation in the insurance-linked securities market may be dampening investor profits. Recent outlier losses in the property-catastrophe market have left ILS investors ...
AM Best Assigns Positive Segment Outlook to MGAs, Other DUAEs
Technology, talent and diverse sources of capital continue driving growth for managing general agencies and other delegated underwriting authority enterprises globally, according to AM Best, which ...
Pa. Court Splits on Whether Coverage Owed for COVID Shutdown
A Pennsylvania appellate court ruled Wednesday that a dental practice was entitled to coverage for income lost because of the state's COVID-19 shutdown but a tavern was not. Policy language made all ...
MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above
Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a new dedicated, monoline reinsurance vehicle for ...
How Insurers Can Win Over Small Businesses
The opportunity insurers have with the small commercial market is tremendous. According to IBISWorld in 2022, the market size for small commercials was $240.2 billion (based on revenue), having grown ...
‘Droves’ of Global Re Market Entrants Unlikely; Outlook Stable: AM Best
Will 2023 reinsurance renewals mark a turning point to a "true hard market" that attracts "new capital in droves" and expands supply? Analysts from AM Best raised the question in a new Best's Market ...
Hazard Assessments Lag at Restaurant Companies: Marsh
Formal hazard assessments at restaurants are key in reducing worker injuries and insurance claims. In recent years, however, a sizable number of companies have not conducted the required ...
Florida’s Homeowners Crisis Requires Insurance Stability, Legislative Reform and Smart Technology
Even before Hurricane Ian, Florida's home insurance market was hobbled by fraudulent claims, pricey lawsuits and financial mismanagement by some insurance firms. Floridians pay the highest annual ...