Editorial: Cyber liabilities test corporate defenses
Catastrophes, Claims Disputes, Claims Management, Coronavirus, Cyber Risks, Emerging Risks, P/C Insurers, Technology
Solvency II reforms could create “clear winners and losers” – WTW
WTW has issued a statement on Solvency II reforms, saying that the package of reforms under consultation has the potential to create clear winners and losers if the “parametrisation” of the Matching Adjustment (MA) provisions indicated by the Prudential Regulation Authority is not recalibrated in line with SII.
Western officials in talks with Turkey over oil tanker delays: UK
Marine European Union, Middle East/Africa, United Kingdom
S&P upgrades VIG rating to A+ with stable outlook
S&P has awarded Vienna Insurance Group (VIG) an excellent “A+” rating with a stable outlook.
Former ACORD chief Pieroni joins technology company
Agents and Brokers, P/C Insurers, Technology Marsh & McLennan
Combination of factors led to a “strong recovery” in reinsurance capital in 2023: Fitch
According to analysts at Fitch Ratings, the combination of a strong earnings generation, the stabilisation of financial markets, and the move to the accounting standard IFRS17 of major reinsurers, has led to a “strong recovery” in reinsurance capital in 2023.
At-Bay acquires property/casualty insurer
Excess and Surplus Lines, Mergers and Acquisitions, P/C Insurers
Baldwin MGA launches cyber program for managed care organizations
Agents and Brokers, Cyber Risks, E&O, Emerging Risks, Risk Management, Technology
Viewpoint: Leaders take diverse paths
Agents and Brokers, Current Issue, P/C Insurers, Risk Management
Federato secures $80m in Series C funding to expand global reach
Federato, an AI-powered underwriting platform for the insurance industry, has secured $80 million in total funding, which includes its latest Series C round.
10-year Bund yield could rise 130 basis points by 2027 amid increased public spending, reports Swiss Re
Loïc Lanci, Arnaud Vanolli, and Gioele Giussani, economists at Swiss Re Institute, a leading global reinsurer known for its expertise in risk management and insurance solutions, discuss the potential disruption to Europe’s fiscal consolidation efforts due to geopolitical tensions and growth challenges in their December 2024 report.
