No Class of 2023: Why Capital Is Sitting on the Reinsurance Sidelines January 25, 2023 By Susanne Sclafane Until investors can be convinced that property-catastrophe reinsurance pricing has caught up with recurring event losses, they’ll continue to sit...
Climate Is Forcing the Most Risk-Aware Industry to Reinvent Itself January 25, 2023 By Akshat Rathi When it comes to climate impacts, the frontline of the finance industry is insurance. Last year’s payout from damages caused...
Hannover Re Transfers Cyber Risks to Capital Markets via Proportional Reinsurance January 24, 2023 Hannover Re has developed an additional retrocession tool that for the first time enables the capital markets to participate directly...
People Moves: Generali GC&C Taps Former Tokio Marine Exec Kanu as CEO; BHSI Hires Aviva’s Major as UK Country Manager; Marsh Names Perry UK CEO, Credit Specialties January 24, 2023 This edition of International People Moves details appointments at Generali Global Corporate & Commercial (GC&C), Berkshire Hathaway Specialty Insurance (BHSI)...
Jan. 1 Renewals: ‘They Got Done’; Carrier Overreliance on Reinsurers Corrected January 24, 2023 By Susanne Sclafane When an AM Best analyst said, “Apparently, things didn’t go that bad” to describe 1/1 reinsurance renewals, he wasn’t actually...
UK Fails to Protect Menopausal Women in Workforce, Lawmakers’ Committee Says January 24, 2023 By Olivia Konotey-Ahulu The UK is failing to address menopausal discrimination in the workforce, an issue that led to women quitting their jobs...
Remote Work Saves Global Commuters 72 Minutes a Day: Study January 24, 2023 By Michael Sasso Working from home is saving commuters around the world 72 minutes a day, time they’re splitting between their jobs, leisure...
Australia’s Health Care System Prime Target for Cyber Attackers: Minister January 24, 2023 By Ben Westcott Australia’s hospitals and health care system are at a high risk from cyberattackers targeting citizens’ personal data, the home affairs...
Germany’s Commerzbank Sues EY for Losses Incurred in Wirecard Collapse January 23, 2023 The German lender Commerzbank is suing accounting firm EY over the 200 million euros ($216.12 million) in losses that it...
MGA Arcadian Enters D&F Property Binding Agreement With Aviva for Worldwide Risks January 23, 2023 Arcadian Risk Capital Ltd., a Bermuda-based managing general agent (MGA) and part of the “Class of 2020,” announced that it...