Reinsurance
Cautious Optimism About a Final Brexit/EU Arrangement
British finance minister Rishi Sunak has said there is genuine progress in Brexit talks with the European Union, but that it would be better to walk away from a bad trade deal than tie Britain's ...
New Insurance Group Inigo Raises $800M of Capital; Ex-Hiscox Execs Behind Launch
Inigo Ltd., a new London-based insurance group, announced it has completed a capital raise of approximately $800 million from a consortium of global investors. Former Hiscox executives are beyind the ...
Mississippi Gulf Coast Casino Sues Carrier for Refusing Coronavirus Business Interruption Cover
A Mississippi Gulf Coast casino has become one of many businesses nationwide to sue its insurer for refusing to cover business losses because of the coronavirus pandemic. Island View Casino Resort in ...
Financial Lobbyists Begin Feeling Out Biden Transition Team
Financial lobbyists, kept at arm's length by Joe Biden's campaign, have begun engaging with the Democratic president-elect's transition team on issues including economic stimulus, pandemic aid ...
Aon Nails Down $70M in Alternative Capital Capacity to Transfer Systemic Cyber Risk
Insurance broker Aon plc has launched a new product with Hudson Structured Capital Management Ltd. to protect insurers and reinsurers against systemic and catastrophic cyber events. Aon and HSCM (an ...
U.S. Insurance Execs Insist They Are Working to Fix Diversity Shortcomings
When Jerald Tillman and Mike James started their careers more than 20 years ago, working in the U.S. insurance industry was not on their radar, but programs to attract Blacks and other minorities ...
2020’s Most Powerful Atlantic Hurricane Strikes Central America
Hurricane Iota slammed into Central America late Monday with ferocious winds and rain, threatening to cripple a region already reeling from a deadly storm two weeks ago. Iota, the most powerful ...
Businesses Rank Cybersecurity as Top Worry in Risky Age: Marsh & McLennan CEO
Cybersecurity has emerged as the most pressing exposure for business confronting a new "age of risk," topping the coronavirus pandemic and climate change, in part because cybercrime is so pervasive, ...