Mounting regulatory requirements and growing stakeholder pressure is driving a surge in demand for ESG reporting and data management software, creating a multi-billion dollar market that vendors need to keep up with, according to a report from research firm Verdantix.
Agents and Brokers, Mergers and Acquisitions, Risk Management Marsh & McLennan
Cyber Risks, Emerging Risks, Technology United Kingdom
Advisory and broking solutions company, WTW has appointed Taffy Jo Mayers to the company’s Insurance Consulting and Technology business.
AXA XL, the P&C and specialty risk division of global insurer AXA, has announced the addition of Chris Cheng to its Hong Kong team as Head of Casualty.
Private investment firm GI Partners, in collaboration with insurance industry veterans Brad Emmons and Brian Hanuschak, has launched a new tech-enabled Managing General Agency (MGA) platform that will focus on acquiring and growing a diversified portfolio of MGAs across numerous lines.
Supply chain chokepoints are a threat to consumers, nation states and the re/insurers that need to understand their potential risk accumulations, according to a new Russell report.
Embroker, a digital insurance platform simplifying the insurance process for businesses, has released its “2024 Cyber Risk Index: Startup Edition,” revealing a steady rise in cyber insurance adoption with a focus on simplicity, resilience, and investor appeal in a shifting cyber risk landscape.
Catastrophes, Coronavirus, Coverage Disputes, Emerging Risks, P/C Insurers
Germany’s non-life insurers net combined ratios for 2021 is around 96%, according to a recent Fitch Ratings analysis.
In a recent media call following the release of Swiss Re’s 2023 earnings report, Christian Mumenthaler, the CEO of the renowned reinsurance company, highlighted the inevitable transition towards achieving net-zero emissions globally.
Fitch Ratings has stated that the recently proposed capital surcharges by the European Insurance and Occupational Pensions Authority (EIOPA) on fossil fuel-related assets will not impact the ratings of European insurers.
The property reinsurance market continues to soften and is not without its challenges as sellers continue to scrutinise secondary perils and re/insurers struggle to develop a universal view on the impact of tariffs and inflation on losses, according to report from broking group Lockton.
