Viewpoint: CrowdStrike Failure Highlights Potential Aggregation Risks for Reinsurers September 10, 2024 By Christopher Graham The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance...
An ESG Backlash Erupts in Europe on World’s Strictest Rules September 10, 2024 By Lisa Pham, Frances Schwartzkopff and Saijel Kishan For TotalEnergies SE Chief Executive Officer Patrick Pouyanne, the difference in the performance of his company’s stock and that of...
Markets/Coverages: PURE Heads to Canada to Cover HNW Homes September 10, 2024 Privilege Underwriters Reciprocal Exchange (PURE) is for the first time going international with an expansion into Canada. The reciprocal exchange...
Summer 2024 Was World’s Hottest on Record: EU Climate Change Monitor September 9, 2024 By Kate Abnett The world is emerging from its warmest northern hemisphere summer since records began, the European Union’s climate change monitoring service...
Typhoon Yagi Kills 14 in Vietnam as Officials Warn of Heavy Rain, Flooding September 9, 2024 By Aniruddha Ghosal At least 14 people have died and 176 others injured in Vietnam after Typhoon Yagi slammed the country’s north, state...
People Moves: BMS Re Names Mirabal Latin American and Caribbean CEO; Zurich Asia Pacific Hires Heads of Financial, Casualty Lines September 9, 2024 Specialty reinsurer BMS Re announced the appointment of Anthony Mirabal as CEO of the Latin America and Caribbean (LAC) Division,...
Viewpoint: Reinsurers Reach Peak Performance as Market Stabilizes; M&A on Hold September 9, 2024 By Brian C. Schneider The reinsurance market has reached an equilibrium, with increased capital supply from accumulated earnings meeting higher demand for reinsurance protection...
Coalition Starts Reinsurance Intermediary Coalition Re Led by Aspen Capacity September 9, 2024 Coalition today announced the creation of its reinsurance intermediary, Coalition Re, to provide capacity for cyber reinsurance treaties and expand...
Google Abusing Power Over Website Ads, UK Regulator Says September 9, 2024 By Paul Sandle Britain’s antitrust regulator said on Friday it had provisionally found Alphabet’s Google had abused its dominant position in digital advertising...
Brokerage Giants Aon, Marsh Unite In Call for Industry Aid to Ukraine September 9, 2024 Highlighting the existence of blanket exclusions in reinsurance contracts for risks originating in the region impacted by the ongoing Russia...