Industry News
Loss Experience Drives Prices During January Reinsurance Renewals: Fitch
Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during the January 2022 reinsurance renewals, while ...
Net-Zero Insurers’ Climate-Friendly Plans to Exit Coal Impeded by Antitrust Laws
A group of the world's biggest insurers and reinsurers that jointly pledged to eliminate greenhouse gas emissions from their underwriting activities have run into an unexpected opponent of their ...
Tech Bytes: New Partnerships at Bindable, Root, MAPFRE and DUAL
Bindable, an InsurTech for alternative distribution, joined Guidewire's Insurtech Vanguards Program, a new initiative led by property/casualty cloud platform provider Guidewire to help insurers learn ...
Activist Investment Firm Targets Safety Insurance; Wants Share Buyback, Directors
Activist investment firm Ides Capital Management has nominated two directors to the board of Safety Insurance Group and wants the company to buy back shares, cut costs and improve financial ...
Lloyd’s Weighs Future of Headquarters as Market Embraces Flexible Working
Lloyd's of London is reviewing its real estate needs as the historic insurance market embraces flexible working. "As we adapt to new structures and flexible ways of working, we are continuing to ...
Executives on the Move at SCOR, Hamilton Re, ISC
SCOR has appointed Yves Cormier as head of Investor Relations, effective Jan. 17. He will be based in London and report to Ian Kelly, group chief financial officer. Cormier joins SCOR from ...
Allianz Risk Barometer: Cyber Perils Top Concern for Companies Globally in 2022
Growing cyber perils are worrying more companies globally in 2022 than the threat of supply chain disruptions, natural disasters or even the COVID-19 pandemic, according to the Allianz Risk Barometer ...
Regulators Can Learn AI; New InsurTech Groups Will Help
It was the mid-1990s. Karen Clark's Applied Insurance Research and Hemant Shah's Risk Management Software were InsurTechs in their early stages of development—before the term for insurance ...