Companies battle rising ransomware threats
Cyber Risks, Emerging Risks, P/C Insurers Axa, The Travelers Cos.
Reinsurance sector critical amid $300bn loss risk, says Swiss Re
With the potential for ‘peak year’ insured losses to exceed $300 billion, the Swiss Re Institute has emphasised that the reinsurance sector, supported by $500 billion in capital, is crucial for absorbing large shocks.
Novatae buys Lloyds brokerage
Agents and Brokers, Mergers and Acquisitions, P/C Insurers United Kingdom Lloyd’s of London
Farmers to reopen offering multiple lines coverage to new California customers
Farmers Insurance has announced it will resume offering coverage for multiple lines of insurance in California to new customers, in a phased reintroduction beginning December 14, 2024.
Arta Nasradini appointed Head of Aviation at SCOR P&C
French reinsurer SCOR has announced the addition of Arta Nasradini to its Reinsurance Specialty Lines management team as Head of Aviation at SCOR P&C, with effect from February 1st, 2025.
Insurance losses from Hurricane Francine to be highly manageable, report says
Agents and Brokers, Catastrophe Modeling, Catastrophes, P/C Insurers, Property
RSA launches UK Climate Professionals PI product
RSA Insurance, a provider of commercial insurance, has launched a Climate Professionals Professional Indemnity (PI) insurance product.
The next cat quarter should be light for US carriers: Morgan Stanley
According to Morgan Stanley, the next catastrophe quarter should be light for predominantly US carriers. However, on a global scale, analysts warn that catastrophes will likely impact reinsurers and primary insurers with international exposures.
WTW appoints Luke Ware as Head of Asia
WTW, an advisory, broking, and solutions firm, has expanded Luke Ware’s role to include serving as Head of Asia, effective immediately.
Northern Trust launches blockchain-based carbon credit ecosystem
Asset servicer Northern Trust has launched a blockchain-based platform which enables institutional buyers to digitally access carbon credits.
