AM Best Viewpoint: The Value of MGAs in a Hardening Market September 20, 2022 By Myles Gould and Riley Parnum The heightened perception of risk stemming from cyber attacks, the climate, pandemics and even inflation are just a few of...
Assets of World’s Largest Companies at Growing Risk of Climate Impact: S&P September 19, 2022 By Juliette Portala Over 90% of the world’s largest companies will have at least one asset highly exposed to the physical impacts of...
Delaware Law Cut Workers’ Compensation Medical Claim Costs by 33%: WCRI September 16, 2022 A Delaware workers’ compensation law passed in 2014 has succeeded in lowering workers’ compensation medical claim costs, new research shows....
MGAs: An All-Weather Distribution Channel for Soft and Hard Markets September 15, 2022 By L.S. Howard Many reinsurers across the globe increasingly have been doing business with certain select managing general agents (MGAs), seen as market...
Global Reinsurers’ Capital Levels Drop by 11% During H1, Hit by Declines in Markets September 6, 2022 Global reinsurers’ capital levels dropped by 11% in the first half of 2022 to $647 billion, hurt by market declines,...
Fire a Growing Risk to Shipping Because of Lithium-ion Batteries, Allianz Says September 6, 2022 By Jim Sams Fire has always been a peril for shipping, but the advent of lithium-ion batteries has elevated the risk to the...
Reinsurers Adopt Divergent Strategies About Natural Catastrophe Exposures: S&P August 31, 2022 By L.S. Howard The natural catastrophe business of global reinsurers has been reshaped by five years of higher-than-expected losses, which is leading reinsurers...
Greenland’s Melting ‘Zombie Ice’ Will Raise Global Sea Level by 10 Inches: Report August 31, 2022 By Seth Borenstein Greenland’s rapidly melting ice sheet will eventually raise global sea level by at least 10.6 inches (27 centimeters) — more...
Droughts, Floods, Other Water-Related Disasters Could Cost Economy $5.6T by 2050 August 29, 2022 By Gloria Dickie Worsening droughts, storms and torrential rain in some of the world’s largest economies could cause $5.6 trillion in losses to...
Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits August 24, 2022 U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases...