Risk & Capital Management
How Cyber Accumulations Affect Insurers’ Books
More companies are implementing cyber risk management strategies and considering cyber insurance. As a result, experts are projecting premiums for such insurance protection to reach $7.5 billion by ...
Many Global Insurers Plan to Beef Up Private Equity Investments: Goldman Sachs
Thirty-two percent of insurers plan to maintain or increase their investments in private equity in the next 12 months to boost returns, a survey of 300 executives overseeing more than $10 trillion in ...
Cloud-Based Business Email Accounts at Increased Risk of Hacking
Cyber criminals are targeting business email accounts at an accelerated rate, particularly at organizations using cloud-based programs, says a new report from specialist insurer Beazley. The top two ...
U.S. P/C Catastrophe Losses Reached a Record $53B in 2017: A.M. Best
U.S. P/C insurance catastrophe losses in 2017 reached $53 billion in 2017, a surge of close to 110 percent compared to 2016, according to a new A.M. Best report. As expected, insured losses from ...
Former FIO Director McRaith Takes Private-Sector Position With Blackstone
Michael McRaith, the former director of the Federal Insurance Office, has joined up with global investment firm Blackstone. McRaith will be managing director of the newly formed Blackstone Insurance ...
Cryptocurrency Risks Underscored in New $1B U.S. Lawsuit
One of the highest profile digital-currency projects in Switzerland, a country that's been among the most enthusiastic advocates for cryptocurrencies, is under fire from both outsiders and insiders ...
2018 Insurance M&A Drivers: Tax Reform, InsurTech and Run-Offs
Tax reform, InsurTech and run-off transactions will be among the big drivers of insurance industry mergers and acquisitions in 2018, according to a new Deloitte report. Deloitte said that the Trump ...
Global Bank Regulators in No Rush to Quash Fintech With New Rules
Global banking regulators signaled on Monday they were in no rush to adapt their rules to financial technology firms that have begun nibbling away at banks' markets. The regulators looked at how ...