News
Credit Suisse Warns Greensill Litigation Against Insurers, Debtors May Take 5 Years
Credit Suisse said on Monday that litigation related to Greensill supply chain finance funds (SCFF) could take around five years and warned that some investors would not be able to recover their ...
Climate Change Could Cost U.S. Budget $2 Trillion a Year by End of the Century
Flood, fire and drought fueled by climate change could take a massive bite out of the U.S. federal budget per year by the end of the century, the White House said in its first ever such assessment on ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Randall & Quilter Agrees to Acquisition by R&Q Shareholder Brickell for £482M
Randall & Quilter Investment Holdings Ltd. (R&Q), the Bermuda-based program management and legacy acquisition specialist, announced it has agreed to be purchased by shareholder Brickell PC ...
Inflation A ‘Major and Growing Concern’ for Reinsurers
With buyers' needs for capacity stable and remaining within the collective appetites of reinsurers, April 1 reinsurance renewals were orderly, according to a broker report, which points to inflation ...
Analysis: Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions
Insurers face potential multibillion-dollar claims for cyber attacks related to Russia's invasion of Ukraine, despite policy wording designed to get them off the hook for war, industry sources say. ...
Zurich Insurance Accelerates Operational Net-Zero Target to 2030 Instead of 2050
Zurich Insurance Group announced it is bringing forward by 20 years its target to achieve net-zero emissions in its operations. It now aims to reach the goal by 2030, after implementing plans ...
Another Active Atlantic Hurricane Season in 2022: AccuWeather
Following the most active season for named storms in the Atlantic in 2020 and the third-most named storms in 2021, AccuWeather forecasters said to prepare for more of the same in 2022. AccuWeather ...
Tech Bytes: New Partnerships at Pathpoint, Keller Williams, Ascend
Pathpoint, a technology provider that aims to streamline placing small commercial E&S accounts, announced a partnership with Bold Penguin to deliver access to Pathpoint's technology for ...