Reinsurance
PG&E Must Fork Over $150M for Botched Blackouts and Recent Wildfires
Pacific Gas & Electric is getting hit with a nearly $150 million billion for neglect that caused Northern California wildfires during the past two years and mismanagement of blackouts designed to ...
Executives On The Move at Hamilton, Aspen and Markel
Hamilton Insurance Group, Ltd. appointed a new Head of Allied Medical for its U.S. excess and surplus (E&S) business. Aspen Insurance Holdings Limited named a new Group Chief Actuarial Officer. ...
Congress Is Exploring the Idea of Federal Reinsurance for Cyber-Terrorist Attacks
A research arm of Congress is studying the costs of cyber attacks on the U.S. infrastructure and whether the backup provided by the federal Terrorism Risk Insurance Program (TRIP) is adequate for ...
Partnerships Can Help InsurTechs Raise Money and Build Prestige
With all the options that InsurTechs have these days to raise money and build prestige, partnerships can offer an efficient way to do both. But they're not without their own risks. "Partnerships are ...
Swedish Tech Startup Haidrun Releases Insurance-Focused Enterprise Blockchain Platform
Swedish tech start-up Haidrun debuted an enterprise blockchain platform targeted at insurers and reinsurers. Haidrun's private blockchain platform is pitched as eliminating suspicious and duplicate ...
Swiss Re Warns Canada Is Unprepared for Climate Change-Spurred Hurricane Risks
Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada's homeowners, businesses and insurers underestimate that escalating risk, according to one ...
Do Reinsurers Rule the Industry?
"If you're an insurer today, and you're really good at underwriting, you should evolve into being a reinsurer and jettison out other assets." The words of advice from InsurTech Co-Founder Marty Young ...
Companies Expose Clients to Harm by Not Modeling Longer-Term Risk Impacts: Marsh
Only 25 percent of companies are evaluating or modeling the longer-term impact of emerging risks on their business, leaving a cascading scenario that can also harm their customers, according to a new ...