A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of business – except for cyber. The cyber insurance market “continued to correct” during the first half 2022, …
Workpartners, which describes itself as a data-informed, human capital-management firm, has expanded its workers’ compensation program into Florida, the company said this week. The firm, part of the University of Pittsburgh Medical Center insurance services, said it manages workforce needs …
According to The Council of Insurance Agents & Brokers’ (CIAB) Commercial Property/Casualty Market Index, capacity for cyber insurance may be decreasing while demand is increasing, which could have driven cyber premium price increases of an average 27.5% during the first …
Socotra Acquires Avolanta, Adding Unified Agent and Customer Portal Insurance carrier technology firm Socotra reports it has acquired Avolanta, a Columbia, South Carolina software startup offering a unified portal built for the insurance industry. Terms were not disclosed. Avolanta enables …
NJM Insurance Group is now writing commercial package policies in New Jersey with policy effective dates beginning July 1, 2022. The NJM ProPack Commercial Package Policy protects mid-to-large-sized businesses against property and liability risks, including crime, inland marine, and industry-specific …
MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced a partnership with insurtech Altelium to offer a construction all-risk and operational all-risk insurance solution for battery energy storage systems (BESS), as part of its commitment to supporting sustainability. Altelium …
Following its successful placement of green bonds in 2020 and 2021, Munich Re has successfully placed its first green subordinated bond in a private placement to qualified institutional buyers in the U.S. market. By issuing this bond in the globally …
Insurance broker WTW has launched specialist cyber coverage for ports and terminals, called CyNav. Designed to address the specific cyber threats faced by port and terminal owners and operators, CyNav provides both flexible and tailored cover for business interruption losses …
Hub Launches Nonprofit Specialty Practice Insurance broker Hub International, with decades of experience in the sector, has launched a nonprofit specialty practice to serve the risk management, insurance and human capital needs of associations, arts and cultural entities, foundations, public …
Munich Re is aiming to enhance acceptance of artificial intelligence (AI) with its new CertAI validation service, which provides objective validation that AI systems are trustworthy. Companies from a variety of industries are currently investing in the development and deployment …
