Interesting. Fluctuating. Moderating. Fun. Those are the words that Patrick M. Gallagher, chief executive officer of Gallagher Global Brokerage for the Americas, used to respond to a question about the state of the insurance marketplace during a virtual conference hosted …
Investors in insurance-linked securities are leaning toward structured catastrophe bonds rather than broader ILS instruments to steer away from unexpected losses from secondary perils. At the same time, catastrophe bond investors are accepting lower yields than they did two years …
Although a U.S. Supreme Court decision put an end to climate lawsuits alleging violations of the federal common law of public nuisance, a second round of state actions may get further, researchers said recently. There are two major categories of …
Federal or state court? How will attribution science impact climate litigation? The questions aren’t the only ones of interest to insurers and reinsurers wanting to understand the potential for mass climate liability claims in the years ahead. Another key question: …
A rising amount of litigation tied to the environmental and health impacts of greenhouse gas emissions prompted a question from the leader of a liability risk analytics company recently: “Is it about climate liability or the liability climate?” Robert Reville, …
The chair of W.R. Berkley Corp. has been observing conditions in the excess and surplus and specialty markets for more than five decades and views the current environment as just about the best in that time span. According to William …
Trumpeting a message that he conceded might be different from peers, Stefan Golling, a member of Munich Re Board of Management, said that Munich Re remains bullish on the cyber insurance and reinsurance markets. In fact, “if insurers and reinsurers …
With primary rate changes approaching 50% and underwriting questions about network controls becoming more and more detailed, cyber insurers and reinsurers are reacting to an onslaught of ransomware attacks against policyholders and prospects. But are the actions enough to keep …
While the aggregate InsurTech funding level for the first-half of 2021 soared past the amount raised for InsurTech businesses for the entire year 2020, InsurTechs continued to quietly shut their doors with much less fanfare. When Willis Towers Watson reported …
As insurance professionals prepare for mask-free life and opportunities to exchange ideas in person, industry leaders took the virtual stage again at a midyear conference, recounting industry lessons learned during the 15 months since COVID distancing began. John Neal, chief …
