Markets
For Now, No Need for a Federal Cyber Reinsurance Backstop: CM Webinar Preview
Business owners need guidance rather than a federal reinsurance backstop to help them navigate an increasingly volatile cyber insurance market, a panel of experts said recently. "I don't think a ...
Executives On The Move at Hamilton, AXIS and IGI
Hamilton Insurance Group appointed a new executive focused on claims at Hamilton Re. AXIS Insurance hired a new vice president for its U.S. Excess Casualty team. International General Insurance ...
Allianz Investment Funds Under Investigation in Germany
German regulators have launched an investigation into the country's biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year, people with direct knowledge ...
Old-School Carriers Are Joining Digital Exchanges, Adding Twist to Marketplace Competition
Major U.S. insurers are joining new digital exchanges to sell not only their own policies but also those of rivals, a fresh twist in an industry known for fierce competition. The powerful new ...
Reinsurance Demand, Pricing to Continue Rising Next Year: Moody’s
Global reinsurance rates are likely to continue rising next year, in the low to mid-single digit percentage range, Moody's analysts said on Tuesday. Reinsurance rates have been rising in the past few ...
AM Best Assigns Rating to InsurTech Next Insurance
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) to startup Next Insurance US Co., headquartered in Palo Alto, California. ...
Pushing Boundaries: NFTs as the Fine Art Market’s Next Frontier
As anyone who works in insurance knows, technology is powerful enough to transform any industry. And the fine art market is no exception. "I think it's the nature of the art world to constantly be ...
AIR Worldwide Estimates Insured Losses for Hurricane Ida Could Be Up to $25B
Insured losses to onshore property resulting from Hurricane Ida's winds and storm surge will range from $17 billion to $25 billion, according to estimates from modeling firm AIR Worldwide. AIR's ...