Industry News
Marsh Optimistic About Continued Cyber Market Stabilization
In its latest update of the cyber market, broker Marsh said there are signs of improvement, with average rate increases continuing a trend of steady decline. Marsh said rate increases for cyber ...
bolttech Secures Series B Investment From Tokio Marine, Other Shareholders
International InsurTech bolttech announced that Tokio Marine, alongside other shareholders, will lead bolttech's series B funding round. The investment values bolttech, a Singapore-based InsurTech ...
Plastic Pollution Could Trigger $20 Billion in Lawsuit Payouts
Litigation could cost the plastics industry and its insurers $20 billion in the U.S. over the next eight years, according to a report backed by the United Nations and an Australian ...
Executives on the Move at Canopius, Cowbell, Hiscox
Canopius Group, a global specialty re/insurer, has hired Coleman V. Johnson as its chief underwriting officer U.S. and Bermuda. Johnson brings more than 20 years of multifaceted underwriting and ...
Four in Five of World’s Cities at Risk From Heat Waves, Floods, Droughts: Study
Four in five cities across the world are facing significant climate hazards such as heat waves, floods and droughts, data from environmental disclosure non-profit CDP showed on Thursday. CDP's report ...
InsurTech NY Reveals Its 2022 Growth Stage Accelerator Cohort
InsurTech NY, the largest InsurTech community in North America, has announced its third growth-stage InsurTech accelerator cohort. InsurTech NY's carrier and broker members selected 32 startups, from ...
AM Best: Trouble Around the Bend for Commercial Auto Insurers After Good 2021?
For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021, but increased claim frequency and severity in 2022 point to a U-turn in financial ...
Cyber MGA Coalition and BDT Capital Partners Launch Bermuda Reinsurer Ferian Re
Coalition, the San Francisco-based cyber insurer and cybersecurity firm, announced the formation of Ferian Re, an independent Bermuda-based Class 3B reinsurer that will provide capacity across ...