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Capacity remains close to an all-time high in the credit and political risk commercial insurance market despite rising geopolitical tensions, according to Gallagher, the insurance broking, risk management and consulting firm. 2 September 2019
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Capsicum Re and Swiss Re have teamed up to launch Decrypt, a new holistic cyber reinsurance platform. It provides a single end-to-end solution to insurers’ cyber exposure challenges, including embedded, silent, and affirmative cyber risks. 2 September 2019
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Sirius Group, the multi-line re/insurer with $2.7 billion of GAAP capital, has unified its global operating structure to elevate and empower a number of key business segment leaders. It is also launching a global management committee. 30 August 2019
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Early estimates put industry losses relating to Hurricane Dorian at between $15 billion and $25 billion, according to ILS Advisers. 30 August 2019
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Concern about silent cyber exposure fell across all insurance commercial lines and industry groups in 2019 compared to the previous year, according to Willis Re, the reinsurance division of Willis Towers Watson. 29 August 2019
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Reinsurers can thrive in a rapidly evolving global insurance market if they embrace change and innovation in their business models, according to an AM Best market segment report, titled Global Reinsurance: Fighting the Last War. 29 August 2019
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Tropical Storm Dorian is set to have a heavier impact on reinsurers than primary Florida insurers, according to analysts at Keefe, Bruyette & Woods (KBW). 28 August 2019
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Companies should improve their knowledge of current and emerging US privacy laws to better manage risks thrown up by surging Biometrics Information Privacy Act (BIPA) lawsuits, Chubb has warned in its latest Cyber InFocus report. 28 August 2019
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Liberty Specialty Markets (LSM) has named Nicholas Garside as head of Bermuda property, effective from September 1. 28 August 2019
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Essent Group has been named to Fortune Magazine’s 2019 100 fastest-growing companies, ranking 52nd among the world’s top three-year performers in revenues, profits and stock returns. 27 August 2019
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