Industry News
Executives On The Move at CNA, RSA and Ping An Insurance
CNA appointed three executives to new positions within its Commercial Insurance unit. RSA's UK & International business named two executives focused on global and commercial risks. China's Ping ...
Lloyd’s CEO Beale Addresses Asia Growth, Cyber, Brexit During Bloomberg Interview in Davos
Lloyd's of London, the world's oldest insurance market, is experiencing year-on-year growth of 100 percent in some of its Asian markets, where growing economies are fueling demand for cover from the ...
U.S. Tax Cuts Will Test Bermuda’s Insurance/Reinsurance Model: Fitch
The Bermuda insurance/reinsurance model will be tested following U.S. tax forms and the continuing challenges of competitive market conditions, according to a report by Fitch Ratings. The cut in the ...
Aspen Insurance CEO Postlewhite Out, Cohen In; Q4 Underwriting Losses Disappoint
The head of Aspen Insurance has departed the company, a day after an announcement of disappointing preliminary Q4 financial results. CEO Stephen Postlewhite is departing immediately, Aspen said on ...
With Climate Change, Uninsurable Basements Are in New York and Mumbai’s Future
Private property below ground in New York and Mumbai may not be insurable in the next decade if climate change advances, the head of one of Europe's largest insurers said. "If you go much further to ...
VC Firm Backed by Ex-Intelligence Chiefs Plans EU-Wide Cybersecurity Firm
A venture capital fund advised by former British and U.S. intelligence officials is planning a string of acquisitions to create a pan-European cybersecurity specialist. C5 Capital aims to create a ...
Munich Re’s Hartford Steam Boiler Debuts Broad, Small-Biz Cyber Cover
Munich Re's Hartford Steam Boiler has started offering what it billed as comprehensive cyber insurance coverage for small to medium-sized businesses and other organizations. The HSB Cyber Suite ...
Digital Startup Neptune Flood Raises $2M to Fuel Private Flood Insurance Market Expansion
Neptune Flood, a digital startup private flood insurance provider, has secured $2 million in seed round funding and has plans to "aggressively expand" nationwide by offering its platform to carriers, ...