The North American Insurance Composite marshalled by Stonybrook Capital and Weild & Co. was up 2.1% for the week of Feb 9th-16th, “likely setting a record-high weekly close”, with most issues having eclipsed their previous records.
The latest draft report to the California Catastrophe Response Council and the Legislature on Wildfire Fund Operations states that the fund seems overwhelmingly able to meet its obligations under three different scenarios laid out by experts.
Day two of Singapore Fintech Festival kicked off with Ravi Menon, managing director of the Monetary Authority of Singapore on the global plenary stage highlighting that innovation and digitalisation of financial services has marched on, gathered pace, and has become more pervasive.
Agents and Brokers, Asbestos & Environmental, Coverage Disputes, Marine CNA, Marsh & McLennan
Crypto assets and quantum computing have been flagged by analysts at Swiss Re as two of the most significant emerging risks for insurers and reinsurers, with the potential to create new risks within the global financial system.
Aviation, General liability, Regulation
Agents and Brokers, P/C Insurers, Reinsurance, Technology Arthur J. Gallagher & Co.
The UK’s Financial Conduct Authority is to set up a ‘Supercharged Sandbox’ to help firms experiment with innovative AI applications.
Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) contributed a staggering $1,016,904,197 to Bermuda’s economy in 2023, making it the highest amount recorded in ABIR’s 31-year history.
New challenger SilverRock Bank has been granted banking authorisation with restrictions by the Prudential Regulation Authority following the completion of a £50m funding round.
