News
Is a Safer World Possible?
Back in 2011, the publishing company I used to work for hired a new editor. He was the recipient of multiple awards for outstanding journalism, but insurance was a totally new gig for him. As a ...
South Africa’s State Insurer Will Raise Premiums to Address Riot-Related Reinsurance Costs
South Africa's only insurer covering political violence will increase its premiums to cover a rise in reinsurance costs following some of the worst unrest in decades, the head of the state-owned ...
8 Emerging Risks to Watch: Flooding, Toxins, Solar Panel Waste
Even the most vigilant insurers and reinsurers scanning the risk landscape for potential future liability problems are likely to fall into landmines. What insurance risks of the immediate or distant ...
Cowbell Cyber Starts Using APIs to Broaden Capacity for Cyber Coverage Distribution
Cowbell Cyber has begun using APIs, technology that it said will drastically streamline the distribution of its cyber coverage and expand the company's market reach. "Providing API [application ...
Former Markel Exec Rivos Joins AXIS as Credit & Surety Senior Underwriter
A former Markel executive is joining AXIS Re in a leadership role. Alexander Rivos is AXIS Re's new senior underwriter for Credit & Surety. He will report directly to Camilo Rodriguez, Head of ...
Rate Hikes, Lower COVID-19 Claims Leads to Higher H1 Profits for Europe Reinsurers: Moody’s
The four largest European based reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – reported sharply higher profits in the first half of 2021, compared with the same period in 2020 — as a ...
Russian Insurer Sanctioned by Biden Administration Over Nord Stream 2 Involvement
The Biden administration imposed sanctions on two Russian entities over their involvement in the Nord Stream 2 pipeline project, but is leaving in place a waiver that spared the company overseeing ...
U.S. P/C Net Underwriting Income Grew Nearly 30% in H1 2021: AM Best
The U.S. property/casualty industry grew its net underwriting income by 28 percent in the first six months of 2021 compared with the same prior-year period. According to a new AM Best report, a 5.4 ...