AXIS Capital Sponsors First Cyber-Catastrophe Bond Issued in Public Debt Markets November 29, 2023 By Gautam Naik For the first time, a cyber-catastrophe bond has made its way into public debt markets. Long Walk Reinsurance Ltd. issued...
P/C Insurers Face Challenging Claims Dynamics as Frequency, Severity Rise: Swiss Re November 28, 2023 By L.S. Howard The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic...
Probitas Ready to Launch Lloyd’s Special Purpose Arrangement for 2024 Year of Account November 28, 2023 Lloyd’s syndicate Probitas 1492 announced that Lloyd’s has given formal approval for its special purpose arrangement (SPA), which will begin...
Product Recall Specialist MGA BluNiche Launches UK Unit for SME Businesses November 28, 2023 BluNiche, a London-based managing general agent (MGA) that specializes in product recall insurance, announced the launch of BluNiche UK to...
Marsh & McLennan Finalizes Delisting From London Stock Exchange November 28, 2023 Marsh & McLennan Companies Inc. has delisted and canceled trading from the London Stock Exchange, further to its announcement made...
Allianz and Dutch Development Bank Back $1.1 Billion Sustainable Loans Fund November 28, 2023 By Tommy Wilkes and Simon Jessop Allianz Global Investors and Dutch development bank FMO have agreed one of the largest “blended finance” funds on record, raising...
US Warns of Growing Threats to Ships Sailing Through Red Sea November 28, 2023 By Alex Longley A spate of attacks on merchant shipping near Yemen and Somalia, likely triggered by the war in Gaza, have prompted...
Markets/Coverages: Apollo to Launch Specialty Treaty Class of Business November 28, 2023 Apollo, the London-based independent specialist insurer and reinsurer, announced it will launch a new specialty treaty class of business within...
Indonesian Court Papers Reveal Chain of Events That Led to Cough Syrup Deaths November 28, 2023 By Stanley Widianto Indonesian court documents have revealed for the first time the chain of events that led to toxic ingredients being used...
Tesla China Offers Insurance Subsidy on Some Models Bought Before Year-End November 28, 2023 Tesla China is offering insurance subsidies for some types of Model 3 and Model y for purchases before the end...