Industry News
E&S Player Gets an S&P Upgrade; Alleghany’s RSUI Now at ‘A+’
S&P Global Ratings announced an upgrade of its financial strength ratings for Allegheny's RSUI companies to "A+" on Wednesday, citing the excess and surplus lines operations' "core" status to the ...
More Than 60 Insurers in Gibraltar Could Bypass Brexit Through Spain
A small town mayor from southern Spain is offering Gibraltar-based insurers a way to retain access to the European Union single market after Britain leaves the bloc next year. Juan Franco of La Linea ...
Generali Selling Belgian Operations to Athora Holding for $668.3M in Cash
Italy's Generali has agreed to sell its Belgian operations to Athora Holding Ltd. for approximately $668.3 million) in cash. The transaction is expected to close in the second half of 2018, subject ...
Using AI Can Have Unintended Consequences
Artificial intelligence protects us from known and unknown threats, helps us connect to one another, and provides better answers faster and cheaper than humans do. But what about the unintended ...
The Latest Launches From Generali, Marsh, Envelop Risk and Madison Mutual/Roost
A unit of Generali Group beefed up coverage it offers for multinational corporate and commercial companies. Marsh is marketing a collection of new and expanded risk analytics and insurance coverage ...
Plenty of Reinsurance Capacity Remains for Mid-Year Renewals: Aon Benfield
Global reinsurer capital continued to rise in 2017, despite the $136 billion in insured losses from natural catastrophes last year, according to a reinsurance market report published by Aon Benfield. ...
U.S. Small Businesses Hammered by Uninsured Losses From 2017 Storms
Small businesses in the United States struggled with uninsured damages and lost revenue following a record-breaking year of hurricanes and wildfires, according to a Federal Reserve survey published ...
Cloud-Based Business Email Accounts at Increased Risk of Hacking
Cyber criminals are targeting business email accounts at an accelerated rate, particularly at organizations using cloud-based programs, says a new report from specialist insurer Beazley. The top two ...