Specialty
Hallmark Financial Will Pursue IPO of Specialty Commercial Business Segment
Hallmark Financial Services Inc, plans to pursue an IPO of its Specialty Commercial business segment. The initial public offering involves a non-controlling ownership stake in the unit, and it will ...
Cyber Coverage Profit Pressures Grow as Rate Hikes Struggle to Keep Pace: Fitch
Choosing to write cyber coverage is becoming increasingly costly for property/casualty insurance carriers and rate hikes may not be enough to make up the difference, according to a new Fitch Ratings ...
Lloyd’s Lab Innovation Program Chooses 11 InsurTech Startups for Next Cohort
Lloyd's announced the next 11 InsurTech start-ups that are participating in the sixth cohort of its Lloyd's Lab innovation accelerator program. These InsurTechs will be focused on creating simpler ...
Climate Change Law for Financial Firms Introduced in New Zealand, a Global First
New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate ...
AIG, Lemonade, Among Insurers Who Signed Letter Opposing Laws Restricting Voting Rights
A handful of insurance industry executives signed a letter from hundreds of major companies, corporate leaders and celebrities released on Wednesday stating opposition to laws restricting voting ...
Global Regulators Pressured to Refine Climate Change Risk Rules for Banks
Global banking rulemakers need to undertake further analysis to clarify if lenders need to build up bigger capital buffers to cover possible environmental risks, the Swiss-based Basel Committee of ...
Aon Launches Protection for COVID-19 Vaccine Shipments Through New Industry Collaboration
Global professional services firm Aon plc has introduced a new offering, through broad industry collaboration, that will provide supply chain protection for global COVID-19 vaccine shipments. Using ...
Chubb CEO Greenberg Reiterates a Call for Litigation Reform
Chubb Chairman and CEO Evan Greenberg is reiterating a call for litigation reform nationally and at the state level to address what he said is a "systemic" worsening of the legal environment and its ...