Volatile Cyber Market Struggles to Boost Reinsurance Capacity September 13, 2021 By Mark Hollmer The cyber insurance market could benefit greatly from more reinsurance cover but it has been a challenge to attract interest....
Two Leading Investors Could Seek New Generali CEO: Reuters September 13, 2021 By Gianluca Semeraro and Claudia Cristoferi MILAN — Two leading Generali investors are ready to push to replace current CEO Philippe Donnet if the top Italian...
P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter September 10, 2021 By L.S. Howard Property and casualty reinsurers have displayed underwriting discipline during this year’s renewals, continuing with rate corrections that began several years...
Germany’s Allianz Facing U.S. Justice Probe of Fund Managers, Investors’ $6B Lawsuit September 10, 2021 By Chris Prentice and Tom Sims FRANKFURT/WASHINGTON — The U.S. Department of Justice (DOJ) investigation into German insurer Allianz is looking at possible misconduct by fund...
Britain Looks to Revisit Data Privacy Regulations September 10, 2021 By Paul Sandle Britain said it would overhaul its data protection regulator to help strengthen economic growth and better protect the public, giving...
A 9/11 Remembrance From Former Carpenter Chairman Newhouse September 10, 2021 By L.S. Howard In remembrance of the 20th anniversary of the Sept. 11, 2001 terrorist attacks, we are republishing an August 2018 article,...
Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions September 10, 2021 By Carolyn Cohn LONDON— Willis Towers Watson has around $5 billion of capital which could used for acquisitions, its president and incoming chief...
Russia’s Tech Giant Yandex Says It Repelled Biggest DDoS Attack in History September 9, 2021 By Alexander Marrow and Gleb Stolyarov MOSCOW — A cyber attack on Russian tech giant Yandex’s servers in August and September was the largest known distributed...
Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio September 9, 2021 By L.S. Howard Lloyd’s of London reported pre-tax profit of £1.4 billion (US$1.9 billion) for the first half of 2021, compared to a...
For Now, No Need for Federal Cyber Reinsurance Backstop: Experts September 9, 2021 By Mark Hollmer Business owners need guidance rather than a federal reinsurance backstop to help them navigate an increasingly volatile cyber insurance market,...