Underwriting
Global P/C Premiums Will Double by 2040, Driven by Climate Change and More: Swiss Re
Global property/casualty premiums are expected to more than double to $4.3 trillion in 2040 from $1.8 trillion in 2020 – growth driven by economic development, urbanization and climate change, ...
For Now, No Need for a Federal Cyber Reinsurance Backstop: CM Webinar Preview
Business owners need guidance rather than a federal reinsurance backstop to help them navigate an increasingly volatile cyber insurance market, a panel of experts said recently. "I don't think a ...
Allianz Investment Funds Under Investigation in Germany
German regulators have launched an investigation into the country's biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year, people with direct knowledge ...
Old-School Carriers Are Joining Digital Exchanges, Adding Twist to Marketplace Competition
Major U.S. insurers are joining new digital exchanges to sell not only their own policies but also those of rivals, a fresh twist in an industry known for fierce competition. The powerful new ...
London Adapts to a Post-Brexit Financial World
High in the skyscrapers that have taken root in its warren of medieval streets, City of London grandees are plotting a post-Brexit regulatory revamp to rival New York. The City, as London's ...
Next Insurance Debuts Liquor Liability Insurance for Restaurants
Next Insurance is debuting liquor liability insurance for restaurants as part of its general liability coverage for small businesses. The cover is designed to address losses resulting from drunk ...
Munich Re Reigns Supreme as Top Global Reinsurer: AM Best
Munich Re replaced Swiss Re as the largest reinsurer in AM Best's annual ranking of the Top 50 Global Reinsurance groups in 2020, marking a return to a position that it last held in 2017. Swiss Re ...
Judge Will Approve Purdue Pharma Bankruptcy Plan Shielding Owners From Opioid Lawsuit Liability
A U.S. judge said on Wednesday he would approve OxyContin maker Purdue Pharma LP's bankruptcy reorganization plan, clearing a path to resolve thousands of opioid lawsuits and shielding the company's ...