Cat Bond Investors Demand Higher Premiums as Weather Becomes More Extreme
Investors in the $35 billion catastrophe bond market are demanding the highest premiums in years to cover issuers against disasters, as weather events become more extreme ...
International
Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s
Economic and political turbulence caused by the COVID-19 pandemic and Russia's invasion of Ukraine will be likely to heighten environmental, social and governance (ESG) ...
Russian Hackers Targeted U.S. Nuclear Scientists
A Russian hacking team known as Cold River targeted three nuclear research laboratories in the United States this past summer, according to Internet records reviewed by ...
Insurers Denying Coverage to FTX-Linked Crypto Firms as Contagion Risk Mounts
Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured for any ...
Munich Re to Launch Specialty Insurance Division
Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance businesses from the group that are ...
Rising Climate Costs to Challenge Companies, Countries in 2023
In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks and their ...
‘Far Too Many’ Companies Fail to Disclose Environmental Data, CDP Shows
Too many companies are failing to respond to environmental transparency requests, nonprofit platform CDP said on Tuesday, after only 1.3 percent of firms scored an "A" ...
3M Faces Claim in Netherlands Over ‘Forever Chemicals’ Pollution
The Netherlands's government is exploring its legal options against chemical giant 3M over pollution in the Dutch part of the Scheldt River.
World Bank Seeks to Restart Cat Bond Issuance to Boost Emerging Nations’ Resilience
The World Bank is looking to restart the issuance of catastrophe bonds to help developing countries improve their preparedness for losses from natural disasters.
Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a new dedicated, ...
MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above