Specialty
Travelers Head Toward Cancellation Mode as Omicron Emerges
Some would-be travelers are considering canceling or delaying trip plans in response to fresh curbs prompted by the Omicron variant of the coronavirus, travel agents said on Monday, threatening an ...
Climate Activists Take on Insurers With Sponges, Dustpans and Petitions
A prominent activist is calling on insurers like Swiss Re to explore suing major oil companies for climate-related damages, the latest volley in a years-long campaign that pits environmentalists ...
MGA Startup Kettle Raises $25M, With Plans to Expand Wildfire Reinsurance Protection
Reinsurance MGA startup Kettle raised $25 million in a Series A round led by Acrew Capital, with participation from Homebrew, True Ventures, Anthemis, Valor, DCVC, and LowerCarbon Capital. The San ...
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. ...