Cat Bond Investors Demand Higher Premiums as Weather Becomes More Extreme January 11, 2023 By Lucca de Paoli and Tasos Vossos Investors in the $35 billion catastrophe bond market are demanding the highest premiums in years to cover issuers against disasters,...
Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s January 10, 2023 By Juliette Portala Economic and political turbulence caused by the COVID-19 pandemic and Russia’s invasion of Ukraine will be likely to heighten environmental,...
UK Financial Services Firms Lead Europe in Push to Shrink Board Gender Gap January 10, 2023 By Irina Anghel UK finance firms now have a higher proportion of women on their boards than their European counterparts, a rare boost...
Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re January 10, 2023 By Tom Sims and Alexander Hübner Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on...
California Workers’ Comp Study Tracks Inpatient Care Utilization Trends January 5, 2023 A new study shows that after across-the-board declines in California inpatient hospitalizations during the COVID-19 crisis of 2020, the number...
North Korea Hackers Stole $1.2B in Virtual Assets Over 5 Years: Spy Agency December 28, 2022 By Hyung-Jin Kim North Korean hackers have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrency and other virtual assets in the...
D&O Buyers See More Capacity, Competitive Conditions, but Risk Factors Loom: Allianz December 15, 2022 By L.S. Howard Public and private D&O buyers are seeing more competitive conditions, fueled by a reduced number of U.S. securities class actions,...
Alcohol Causes 1 in 20 Deaths in Massachusetts, Boston University Report Shows December 15, 2022 Alcohol kills on average 2,760 people a year in Massachusetts and the health, safety and economic toll of liquor on...
City of London Workers Pushing for Cross-Border Remote Working: Survey December 15, 2022 By Leonard Kehnscherper Finance workers are pushing for simpler rules for cross-border remote working, the latest sign that the pandemic-fueled appetite for flexible...
Collapse of FTX Provides ‘Sobering Warning’ for Insurers About Governance Failings December 8, 2022 The collapse of the cryptocurrency exchange FTX demonstrates the dangers of failures of corporate governance, according to a commentary published...