Shipping Losses at Record Lows, but COVID-19 Impact Could Threaten Safety: Allianz July 16, 2020 Large shipping losses dropped by 20% last year, in a continuation of decade-long trend when losses declined by almost 70%,...
Reinsurance Capital Dips 6%, Tightening of Capacity Accelerates: Aon July 16, 2020 By Susanne Sclafane Global reinsurance capital fell 6% to $590 billion for the first quarter of 2020, Aon reported in its June/July Reinsurance...
Insurance Agency and Brokerage M&A Trends to Watch Amid the COVID-19 Pandemic July 16, 2020 By Thomas Trullinger The COVID-19 pandemic has created challenges for many businesses across the globe, including the insurance industry. But so far, the...
The Class of 2020: Capital Raising for Existing Firms or Insurance Startups? July 16, 2020 By Susanne Sclafane Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up...
High-Tide ‘Nuisance’ Flooding to Continue to Grow and Plague U.S. Communities: NOAA July 16, 2020 Coastal communities in the U.S. continued to see record-setting high-tide flooding last year, forcing their residents and visitors to deal...
P/C Insurance Agency M&A Deals Down 12% in First Half of 2020: Optis July 15, 2020 There were 288 announced insurance agency mergers and acquisitions during the first half of 2020, down from 328 in 2019,...
Profit-Driven Automakers Race to Next Level of Not Quite Self-Driving Cars July 15, 2020 By Ben Klayman and Paul Lienert Autopilot, ProPilot, CoPilot: Automakers have many names for new systems that allow for hands-free driving, but no safety or performance...
West African Coast Re-Emerges as Hotspot for Piracy, Kidnappings: Allianz July 15, 2020 By Elisha Bala-Gbogbo The West African coast has overtaken Southeast Asia as the worst area for piracy and kidnappings reported at sea last...
Just One-Quarter of UK Firms Are Prepared for End-of-Year Brexit Transition: Survey July 14, 2020 By Suzy Waite Only one-quarter of business leaders say their organizations are fully ready for the end of the Brexit transition period, according...
Fed Warns Climate, COVID Worsen Western States’ Economic Risk From Wildfires July 14, 2020 Wildfires threaten the economy of the western United States to a greater extent than the rest of the country, and...