Cat Bond Investors Demand Higher Premiums as Weather Becomes More Extreme

Investors in the $35 billion catastrophe bond market are demanding the highest premiums in years to cover issuers against disasters, as weather events become more extreme ...

Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s

Economic and political turbulence caused by the COVID-19 pandemic and Russia's invasion of Ukraine will be likely to heighten environmental, social and governance (ESG) ...

AIG CFO to Take Temporary Medical Leave

American International Group announced that Shane Fitzsimons, executive vice president and chief financial officer, will take a temporary medical leave of absence, ...

Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re

Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on record for natural disasters, Munich Re said on Tuesday, ...

Beazley Launches Global Re/Insurance Market’s First Cyber Catastrophe Bond

Specialist insurer Beazley has launched the global insurance market's first cyber catastrophe bond.

The $45 million bond gives Beazley ...

Vista Equity Partners to Buy Duck Creek for $2.6B Cash

Insurance software provider Duck Creek Technologies said it has entered into an agreement to be bought by Vista Equity Partners in an all-cash deal of about $2.6 ...

Cat-Exposed Property Highlights Q4 Rate Increases: MarketScout

According to MarketScout's Market Barometer, the fourth-quarter 2022 composite rate for U.S. commercial lines was up 5.1 percent.

The ...

Ben & Jerry’s, Patagonia, and Now Insurer Branch: All Certified B Corps

Tech Bytes: New Partnerships at CCC Intelligent Solutions, One80 Intermediaries, Markel

Executives on the Move at The Hanover, Everen, RIMS

The Hanover Insurance Group has appointed David J. Lovely executive vice president and chief claims officer.

Lovely joins The Hanover ...