Industry News
Property-Cat Reinsurance Rates Likely to Rise by More Than 10% in January Renewals
Reinsurance rates for property-catastrophe business should increase by well over 10 percent when contracts are renewed in January 2023, according to a commentary from Fitch Ratings. Fitch said the ...
Executives on the Move at Hamilton, Marsh, Amwins
Hamilton Insurance Group Ltd. announced the appointment of Alex Baker as group chief risk officer, effective Jan. 1, 2023, subject to regulatory approval. Baker will report to group CEO Pina Albo and ...
ESG Will Increasingly Influence Insurers’ Strategies: Fitch Ratings
Environmental, social and governance issues will grow in their influence in insurance industry decision-making as they become more important to stakeholders, according to a report from Fitch ...
Zurich Insurance Plc Plans to Redomicile From Ireland to Germany in Post-Brexit Move
Zurich Insurance Plc (ZIP), the Dublin-based, wholly owned subsidiary of Zurich Insurance Group, plans to relocate to Germany as a result of the UK's exit from the European Union. Since the Irish ...
The Latest Launches From SageSure, Falcon Risk Services, CerebrumX Lab
SageSure, a provider of catastrophe-exposed property insurance, and Goosehead, an independent personal lines insurance agency, announced the launch of a new reciprocal exchange, Elevate, to protect ...
RIMS Sends Letter to FIO in Support of Cyber Insurance Backstop
RIMS said it issued a comment letter to the Federal Insurance Office in response to legislative dialogue regarding a federal backstop for large-scale catastrophic cyber incidents impacting ...
Report: 90% of US Counties Hit with Disaster in Last Decade
Ninety percent of the counties in the United States suffered a weather disaster between 2011 and 2021, according to a report published last Wednesday. Some endured as many as 12 federally declared ...
Root Reports $64M Q3 Net Loss
Root Inc. reported a third-quarter net loss of $64 million, down from a net loss of $133 million during the same quarter last year. Year-to-date losses sit at $230 million, which is down from $411 ...