Industry News
Marine Insurance Premiums Could Rise for Some After Saudi Ship, Facility Attacks
Asian shippers and refiners have put ships heading to the Middle East on alert and are expecting a possible rise in marine insurance premiums after recent attacks on Saudi oil tankers and pipeline ...
Allianz Profit Beats Estimates; Managed Assets Reach Record
Allianz SE's giant investment business saw managed assets grow to a record as clients added 18 billion euros ($20 billion) in the first quarter, reversing outflows at the end of last year. The new ...
Insurers Dabbling With Smart Home Tech, but No Winning Model Has Emerged
An instinct for self-preservation has carriers dipping their toes into the smart home technology space, but no U.S. insurer has taken a full plunge so far. The industry hasn't settled on how it ...
The Latest Launches From Willis Towers Watson and Planck/Republic Indemnity
Willis Towers Watson said it is marketing an updated version of its Radar pricing software. Great American Insurance Group member Republic Indemnity has completed a pilot project with Planck, an ...
Down From Heady Highs, the U.S. Cyber Insurance Market Still Grew 8 Percent in 2018
The U.S. cyber insurance market dropped from robust, double-digit growth in 2017 to a still-healthy single-digit increase in 2018, Fitch Ratings said. For 2018, direct written cyber premiums grew 8 ...
Three Aspen Execs Depart, Others Promoted; UK MGA Placed in Runoff
Aspen Insurance Holdings Ltd. disclosed the departure of some veteran executives and the promotion of a number of others as part of a broad revamp of its leadership and operations. The Bermuda-based ...
Tornado Surge Struck U.S. in April; Strong Storms Also Hit Other Global Locales
An elevated number of tornadoes in the U.S. contributed to a substantive list of global natural catastrophes in April, according to Aon's latest monthly Global Catastrophe Recap report. Standout ...
Introducing CM Risk Alerts; Risks vs. Non-Risks
Even the most vigilant insurers and reinsurers scanning the risk landscape for potential future liability problems are likely to fall into some landmines. What insurance and organizational risks of ...