Industry News
Insurance Could Slash Billions From Poor Nations’ Natural Disaster Bills
New types of insurance could cut the costs of natural disasters for poorer countries and reduce the amount of humanitarian aid needed, according to a report commissioned by Britain's international ...
Pending EU Rules Should Spur International Cyber Insurance Market Growth: A.M. Best
The European Union's looming General Data Protection Regulation (GDPR) will require mandatory notification of serious data breaches and potentially massive fines for failure to comply. That's the bad ...
The Latest Launches From The Hartford, The Hanover Insurance Group and More
The Hartford is eyeing nonprofit groups with new features added to its flagship management liability offering. Separately, The Hanover Insurance Group beefed up an important product with new ...
An Expensive Cup of Coffee: The Backstory of Sompo-Endurance Deal
FROM THE ARCHIVES: A VINTAGE CARRIER MANAGEMENT ARTICLE FROM 2017 "We were just two guys moaning away actually about the markets," said Nigel Frudd, head of Global M&A and group counsel for ...
Trump Factor Playing Huge Role in Stalling Insurance M&A
With a climate of uncertainty surrounding the political scene in the United States, particularly with respect to tax reforms promised by the new administration, insurance industry merger and ...
RMS Expands Model Suite for Asia-Pacific Typhoon, Earthquake
Risk modeling and analytics firm RMS has substantially expanded its suite of offerings for the Asia-Pacific region, adding typhoon models for South Korea and Taiwan as well as earthquake models for ...
Nonstandard Auto Loss Ratios Worst in Decade: A.M. Best
Loss ratios and operating ratios for the U.S. nonstandard auto insurance market fell to their worst levels in a decade, according to a new report from A.M. Best. Escalating repair and medical costs, ...
‘Hydrological Extremes’ Become ‘New Normal’
Texas struggled through its driest year in history in 2011. Four years later was its wettest ever. The Mississippi River rose to all-time-high flood levels in 2011. In 2012, it hit its second-lowest. ...