Specialty
PartnerRe’s Q3 Premiums Grew; Catastrophe Losses Hurt Income
PartnerRe Ltd., once again in line to be acquired by France's Covéa, finished its 2021 third quarter with large catastrophic losses, double digit premium hikes and a big drop in net income. The ...
Cyber Insurers Now Requiring Security Steps Along With Higher Premium
Insurers are continuing to take a hard line on underwriting and pricing cyber coverage. While commercial lines prices overall rose 8.9% in the third quarter, cyber premiums increased 27.6%, according ...
U.S. Govt. Wants Appeals Court to Immediately Lift Stay on COVID Workplace Vaccine Rule
The U.S. government asked a federal appeals court to immediately lift a court-ordered stay on a sweeping workplace COVID-19 vaccine rule to avoid "enormous" harm to public health, or alternatively to ...
Resilience Cyber Raises $80M to Fund Further Expansion Into Middle Market
Resilience, which offers cyber insurance and security solutions, reported that that it closed an $80 million Series C funding round as it plans for further middle market expansion and international ...
A Special Time for Specialty Markets
The specialty insurance marketplace always has been a vast laboratory for nascent products. It once was a tiny market. Those days are over. Today, with tens of billions in premiums in the U.S. ...
More Entry Points, More Risk: The Tech Industry’s Underwriting Challenge
The challenges faced by underwriters have grown immensely in recent years. For underwriters working specifically within the technology sector on errors and omissions (Tech E&O) coverage, the ...
Executives On The Move at Hiscox and Hourly
Specialist insurer Hiscox appointed a veteran Hartford executive as its new Chief Financial Officer in the U.S. Hourly, an InsurTech startup and insurance intermediary with a workers comp technology ...
Cyber Rate Hikes Could Climb 150% in 2022, but Other Lines Will Stabilize: Willis Towers Watson
North American commercial insurance prices should soften gradually in the coming months, bringing a slowdown in many premium rate hikes and more stability in 2022, Willis Towers Watson said in a new ...