Markets
Allianz D&O Outlook: ESG Claims ‘Here to Stay’ and AI Rapping at the Door
While everyone may be talking about potential risks associated with generative artificial intelligence, a new directors & officers report from Allianz highlights a range of current concerns ...
Parent of Key SiriusPoint Shareholder In Receivership; Ratings Impact Neutral
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced that the parent company of a key shareholder has been taken into private receivership by its lenders in Singapore. CMIG ...
Costs of Small Business Cyber Attacks Are Down But Frequency Is Up, Says Hiscox
The less-than-encouraging news: Only 33 percent of U.S. small businesses consider cyber risk high or very high.
The somewhat encouraging ...
Prepare for the Soft Market: Why You Need to Set Performance Metrics Now
On the face of it, it appears to be a good time to be an underwriter. A combination of historic underperformance, an elevated risk outlook and investor reticence is encouraging underwriters to push ...
Worse? Why Personal Auto Loss Ratios Are Even Higher in 2023
Even though direct written premiums for U.S. personal auto insurers soared by double-digits and economic inflation has eased, personal lines underwriting results did not turn around during the first ...
U.S. Commercial Lines Survey Shows Aggregate Q3 Increase of 6.1%
Commercial insurance prices for the U.S. increased 6.1 percent in the third quarter, maintaining an upward trend. According to the latest results from WTW's Commercial Lines Insurance Pricing Survey ...
Africa Specialty Risks Gets ‘In Principle’ Approval to Launch Syndicate in 2024
Africa Specialty Risks (ASR), a pan-African focused insurance and reinsurance group, has received "in-principle" approval to launch a Lloyd's syndicate in 2024. The syndicate will be launched in ...
AM Best Maintains Stable Outlook for U.S. Property/Casualty Commercial Lines
Persistently strong underwriting performance during and after the global pandemic – despite substantial economic and capital markets volatility – has prompted AM Best to maintain its "stable" ...