Trisura increases Q4 US insurance revenue 25% to C$527.6mn
The Insurer
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2M ago
Specialty insurance provider Trisura has reported a slight increase in operating net income in the fourth quarter, while US fronting revenue increased 24.6 percent for the quarter and 41.5 percent for the full year ..read more
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US Risk founder Randall Goss passes away
The Insurer
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2M ago
Wholesale broker and MGA platform US Risk’s founder and long-time leader Randall Goss has died suddenly ..read more
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Ethos process continues after better-than-expected 2023
The Insurer
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2M ago
Ascot and its advisor Evercore are continuing to engage with interested parties including strategics and PE-backed platforms in the sale process for MGU Ethos after performance that was better than expected in 2023, along with signs of optimism returning to the key transactional liability business, Program Manager can reveal ..read more
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Munich Re strengthens call for government backstops for systemic cyber risks
The Insurer
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2M ago
Munich Re CEO Joachim Wenning has called on policymakers in Germany and Europe as a whole to discuss the creation of government backstops for cyber risk ..read more
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City minister urges caution on “last resort” state-backed cyber pool
The Insurer
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2M ago
The UK’s City minister urged caution this morning in the face of industry calls for a public-private government-backed scheme for (re)insuring catastrophic cyber events, stressing that a state-backed solution should only be “a last resort ..read more
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Panel: Cyber reinsurers more bullish because of market’s scale and maturity
The Insurer
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2M ago
Themes at the 1.1 cyber reinsurance renewals included abundant capacity for cedants, loss ratio caps increasing in some cases, alternative capital adding to pricing pressure and rising but manageable frequency, according to speakers on a NetDiligence panel ..read more
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US officials warn of Blackcat ransomware group targeting healthcare sector
The Insurer
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2M ago
The Cybersecurity and Infrastructure Security Agency, FBI, and the Department of Health and Human Services have issued an update to their advisory on the Blackcat ransomware group, highlighting their recent focus on targeting the healthcare sector ..read more
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RT Connector adds cyber with other ML and commercial auto in the works
The Insurer
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2M ago
RT Specialty has added cyber liability to its proprietary digital platform RT Connector, with other management liability products, along with commercial auto, set to join the offering in the coming months ..read more
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Burford Capital’s Lundberg: Social inflation and nuclear verdicts are “sneaky and undemocratic” industry terms
The Insurer
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3M ago
Andy Lundberg, managing director at litigation financing group Burford Capital, has criticised "social inflation" and "nuclear verdicts" as terms employed by the insurance industry to hinder plaintiffs from reaching a fair settlement ..read more
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Crawford’s Van Bakel: Weather-related insured claims topping $100bn “the new norm”
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3M ago
Last year was an “unprecedented year” in which nearly the entire North American continent was “blanketed with smoke from wildfire”, Crawford & Company’s president of loss adjusting for North America Pat Van Bakel has told The Insurer TV ..read more
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