News
Cyber MGA Coalition and BDT Capital Partners Launch Bermuda Reinsurer Ferian Re
Coalition, the San Francisco-based cyber insurer and cybersecurity firm, announced the formation of Ferian Re, an independent Bermuda-based Class 3B reinsurer that will provide capacity across ...
Progressive Loses A Bundle: Nearly $2.0B Gross Ian Losses; $760M Net
Insurer Progressive incurred nearly $2.0 billion in gross loss and loss adjustment expenses for vehicle and property claims related to Hurricane Ian, sending over $1 billion of the total to ...
Many U.S. Drivers Treat Partially Automated Cars as Self-Driving: Study
Drivers using advanced driver assistance systems like Tesla Autopilot or General Motor Super Cruise often treat their vehicles as fully self-driving despite warnings, a new study has found. The ...
‘Hardening’ Property Catastrophe Market Enters ‘Hard’ Market Phase: Bank of America
European reinsurers will miss their earnings targets in 2022 — for the sixth year in a row — which is pressuring the industry to raise rates and continue improving the quality of their ...
Top U.S. Homeowners Insurers Minimally Exposed to Losses From Ian: Moody’s
A report from Moody's Investors Service clearly paints Ian as a loss event for Florida-only home insurers since large, national insurers have significantly reduced exposure in the Sunshine State ...
Executives on the Move at SiriusPoint and Zurich Insurance Group
Global specialty re/insurer SiriusPoint Ltd. has named Steve Yendall as chief financial officer, effective Oct. 31, 2022. He will report to CEO Scott Egan as a member of the Executive Leadership ...
Extreme Weather Poses as Big a Threat to Global Energy Security as Ukraine War: WMO
Energy infrastructure will become more vulnerable to extreme weather such as heatwaves and hurricanes, the World Meteorological Organization warned on Tuesday, with a senior official saying that ...
MS Amlin Appoints Carrier as CEO; Slabbert Takes Helm at MSIG Holdings
MS Amlin Underwriting Limited (MS AUL), the Lloyd's re/insurer, has appointed Andrew Carrier as chief executive officer, effective Jan. 1, 2023. Carrier currently serves as MS AUL's chief ...