The hard market is providing challenges and opportunities for captives, according to the latest AM Best sector report on the European captive insurance market. Commercial insurers have continued to adjust insurance premiums upwards in 2023 to ensure that inflation is reflected in the price of cove, the rating agency said. These adjustments have been accompanied…
Decentralized exchange dYdX grapples with a significant loss from its insurance fund following a sophisticated attack targeting the Yearn Finance (YFI) token market. Posted November 19, 2023 at 10:11 am EST. The decentralized cryptocurrency exchange dYdX has reported a significant security breach resulting in a $9 million loss from its insurance fund. The incident, which…
Transitioning market remains focused on profitable growth: Aon’s 2023 Canadian Spring Insurance Market Update TORONTO, May 18, 2023 /PRNewswire/ — Aon plc (NYSE: AON), a leading global professional services firm, has released its Spring 2023 Canadian Insurance Market Update. Published in support of Aon’s ongoing commitment to help Canadian clients make better decisions about risk management and insurance programs, the…
“Talent, especially in skilled ‘judgment’ underwriting that’s not as reliant on automated underwriting tools, will be in high demand as more business moves to the excess/surplus lines sector,” says Nancy Germond, executive director of Risk Management and Education at the Big I®. (Credit: ink drop/Adobe Stock) The insurance industry is in for a drastic change by 2028,…
Interest in alternate solutions going up with market shifts | Insurance Business Canada Insurance News Interest in alternate solutions going up with market shifts Symposium discusses pivot in rates, new opportunities, and new challenges Insurance News By Kenneth Araullo In a symposium hosted by Guy Carpenter, renowned figures from the insurance, reinsurance, and investment sectors…
How is the winery insurance market performing? | Insurance Business America Programs How is the winery insurance market performing? Wineries are proving to be resilient amid some challenges While certain geographies are experiencing a tightening of P&C capacity, especially in California, wineries in the region are feeling the sting more than most due to extreme…
