Specialty
15% Global Minimum Tax Will Diminish Bermuda’s Advantage for Insurers, Reinsurers: Fitch
Bermuda's advantageous tax status for the insurers and reinsurers will be reduced at the margin with the expected passage of the recent multilateral agreement to establish a 15% global minimum tax ...
Executives On The Move at AXA XL and Swiss Re
AXA XL chose a new underwriter for War, Terrorism & Political Violence. Swiss Re Corporate Solutions named a new Head of Executive Risks for North America.
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 ...
In a Global First, New Zealand Passes Climate Change Disclosure Laws for Insurers, Others
New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts of climate change on their business, officials said on Thursday. About ...
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 ...
The Ratio of Cyber Ransoms Demanded to Ransoms Paid Is Declining: Corvus Report
There are some early signs of improvement in ransomware costs due in part to policyholder actions that helped reduce cybersecurity risks, according to a new report from Corvus Insurance. The ...
Thousands of Unvaccinated U.S. Workers Risk Losing Their Jobs Due to Employer Mandates
Thousands of unvaccinated workers across the United States are facing potential job losses as a growing number of states, cities and private companies start to enforce mandates for inoculation ...
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 ...