Industry News
RSA Insurance Launches Superyacht Practice, Led by Chubb’s Grew
RSA Insurance announced it is launching a Superyacht practice, providing comprehensive cover for the larger end of the market, which is traditionally professionally skippered and crewed. The practice ...
WTW Launches End-to-End Trading Platform to Connect Broker, Insurer Systems
WTW, the global advisory, broking and solutions company, announced the global launch of Neuron, a sophisticated digital insurance platform. Neuron uses cutting-edge technology to help underwriters ...
Munich Re: Supply Chain, Ransomware Threats Top 2023 Cyber Risks
Global costs of cyber crime are expected to surge within the next five years, rising from an estimated $11 trillion in 2023 to nearly $24 trillion by 2027, according to the latest cyber insurance ...
What to Expect: WTW Spring Commercial Insurance Forecasts Mixed
In striking contrast to last year's double-digit rate hikes for public directors and officers liability insurance and 100-200 percent jumps for cyber coverage, some buyers renewing those coverages ...
MGAs, DUAEs Sparked Double-Digit Growth in ’22 U.S. Premiums: AM Best
Direct premium written through the Delegated Underwriting Authority Enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8 percent to $67.6 ...
Fed Report on SVB Collapse Could Buoy Shareholder Lawsuits
A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender's executives for allegedly hiding risks that led ...
34% of Workplace Injuries Occur in First Year on the Job: Travelers
More than a third of workplace injuries occur during employees' first year on the job, regardless of age or industry experience, according to a new report from Travelers. In fact, an employee's time ...
AIG, Stone Point Finalize Deal to Start MGA for High-Net-Worth Business
American International Group said it has finalized an agreement with private equity firm Stone Point Capital to form Private Client Select (PCS) Insurance Services. PCS will be an independent ...