Swiss Re’s ratings affirmed as AM Best cites strong balance sheet | Insurance Business America Reinsurance Swiss Re’s ratings affirmed as AM Best cites strong balance sheet Financial flexibility and robust capital management bolster the results Reinsurance By Kenneth Araullo AM Best has affirmed the financial strength rating (FSR) of A+ (Superior) and the long-term…
BILTIR kicks off 12th Annual Life & Annuity Conference in Bermuda | Insurance Business America Reinsurance BILTIR kicks off 12th Annual Life & Annuity Conference in Bermuda Event features speakers addressing global re/insurance trends and regulations Reinsurance By Kenneth Araullo The Bermuda International Long Term Insurers and Reinsurers (BILTIR) kicked off its 12th annual Bermuda…
For comparison, cyber insurance premiums in the U.S. represented 0.0353% of GDP in 2022, while the average across APAC was only 0.0025%, making it at least 14 times lower. Gallagher Re highlights that while countries like Thailand, Malaysia, Vietnam, Indonesia, and the Philippines are emerging players in this space, larger markets such as China and…
Bishop Street invests in Verve Services to enter specialty auto insurance | Insurance Business America Insurance News Bishop Street invests in Verve Services to enter specialty auto insurance Partnership aims to drive innovation and growth Insurance News By Kenneth Araullo Bishop Street Underwriters, a multi-boutique insurance platform owned by RedBird Capital Partners, announced a strategic…
Newsom vetoes bill increasing CDI investigator pay amid staffing shortages | Insurance Business America Insurance News Newsom vetoes bill increasing CDI investigator pay amid staffing shortages Department reports critical issues due to pay disparities with DOJ agents Insurance News By Kenneth Araullo Governor Gavin Newsom has vetoed a bill that aimed to increase the pay…
