World to Hit 2.5F of Warming During 2023 as Hottest Year on Record November 30, 2023 By Gloria Dickie With a month to run, 2023 will reach global warming of about 1.4 degrees Celsius (2.5 Fahrenheit) above preindustrial levels,...
Markets/Coverages: MGA Rokstone Launches Contingency Portfolio November 30, 2023 Rokstone, the international speciality re/insurance MGA that is part of the Aventum Group, announced the launch of a new contingency...
Shadow Banks, Such as Insurers, Hedge Funds, Could Be Sitting on Elevated Risk: ECB November 30, 2023 The European Central Bank may need to take on a bigger role in supervising shadow banks as they are now...
London Metal Exchange Triumphs in Lawsuit Over Canceled Nickel Trades November 30, 2023 By Sam Tobin and Pratima Desai The London Metal Exchange (LME) won a legal battle with U.S. financial firms on Wednesday which brought a case demanding...
Massachusetts Climate Strategy Brings Together Its 78 Coastal Communities November 30, 2023 Massachusetts Governor Maura Healey has announced a plan to assist the state’s 78 coastal communities from Cape Cod to the...
Reinsurance Market Outlook ‘Stable’ on Improved Rates, Higher Demand: AM Best November 30, 2023 By L.S. Howard Substantial rate improvements, higher attachment points and rising investment income are combining with increased demand for reinsurance cover to create...
Red Sea Attacks on Ships Spark Safety Concerns for Sailors November 30, 2023 By Jonathan Saul Commercial ships face increasing dangers at sea after armed groups have attacked and seized vessels in waters around the Red...
India’s GIFT-City Financial Hub Plans to Grow in Re/Insurance, Direct Listings November 30, 2023 By Saikat Das Gujarat International Finance Tec-City, India’s newest financial hub and a flagship project of Prime Minister Narendra Modi, is preparing for...
AM Best: Adverse Results Linger For Nonstandard Auto November 30, 2023 By Allen Laman AM Best reported a net underwriting loss of $333 million for the U.S. nonstandard auto insurance segment during the first...
Q3 2023 Signals Six Years of Premium Increases for Commercial Lines: CIAB November 30, 2023 By Chad Hemenway Overall commercial property/casualty premiums increased slightly more than 8% on average in the third quarter, marking six full years of...