Reinsurance

Risk Alerts: Critical Infrastructure at Risk of Flooding; FSOC Warns About Climate Threat

New research by First Street Foundation finds that 25 percent of critical infrastructure is at risk of flooding today—and that number is expected to increase another 6 percent over the next 30 ...

Updated: Munich Re’s HSB Is Acquiring Zeguro’s Cybersecurity Digital Platform, Plus Six Employees

Munich Re-owned HSB is acquiring a cybersecurity digital platform for small businesses developed by InsurTech startup Zeguro. The purchase covers select digital assets, and six Zeguro product ...

Climate Modeler Startup Jupiter Raises $54M to Fuel R&D, Growth Push

Jupiter, a global climate modeling and technology startup, has nailed down a $54 million financing round – money that will help accelerate sales and marketing efforts. A big boost in research and ...

The Biden Administration Wants Corporate America’s Help Tracking Down Cyber Criminals

U.S. Deputy Attorney General Lisa Monaco has a message for corporate America: The U.S. Justice Department needs its help in order to take down cyber criminals. "We cannot do this alone," Monaco said ...

Concert Group Holdings Raises $100M to Fuel Insurance Fronting Expansion

Concert Group Holdings – a newly formed business dedicated to insurance fronting – has raised $100 million in capital to fund its growth. A fronting company is a licensed and admitted insurer ...

Florida Insurers Are Swimming in a Sea of Red Ink: Citizens CEO Gilway

It's not just a few Florida property insurance companies that are running into financial trouble. Almost every carrier is losing money in 2021 and the future does not look any better, the CEO of ...

AXIS Capital Accelerates Its Retreat From Coal Investments and Cover

AXIS Capital Holdings Ltd. said it will phase out insurance cover and investments in the coal business globally within the next 20 years. "It is our belief at AXIS that [insurance/reinsurance] ...

Guidewire Launches Program to Connect Its Insurance Customers to Possible InsurTech Partners

Guidewire Software has launched a new program designed to connect its insurance industry customers to up-and-coming InsurTechs. Dubbed, Insurtech Vanguards, the program will highlight innovative ...