Lloyd's, the world's leading marketplace for the underwriting of commercial, corporate and specialty risk solutions, yesterday announced it has secured a landmark GBP650m (about $900m) five-year cover for its Central Fund which supports sustainable, profitable long-term market growth.
Moody's Investors Service says that it has changed the outlook for the global life insurance sector to stable from negative for 2021.
With the cyber risk hazard environment - ransomware, business interruption and aggregation - worsening significantly, prospects for the cyber insurance market, especially in the US, are grim, according to a new AM Best report.
More than two thirds of drivers (69%) of electric vehicles are concerned about insurance cover for their electric vehicle should it be damaged when connected to a public charge-point according to a poll by the Automobile Association of UK (AA).
A new market-led initiative Taskforce on Nature-related Financial Disclosures (TNFD) to support financial institutions and corporates in assessing and managing emerging nature-related risks and opportunities has been launched.
Insurance could cost-effectively help protect and restore mangrove forests, which can offer increased resilience and protect against coastal flooding according to a report published by The Nature Conservancy and University of California and supported by AXA XL.
People risk and the challenge of finding adequately skilled and qualified labour has been exacerbated by COVID-19 and the acceleration in the shift towards a more digital economy in Italy.
The majority (86%) of British small to medium enterprises (SMEs) do not have any cyber insurance cover in place according to a new research by Aviva Insurance UK.
US cyber insurance premiums in 2020 increased to $2.74bn - an increase of 21% over the prior-year period ($2.26bn) across both standalone and package cyber products according to Aon annual US Cyber Market Update.
Liberty Insurance has partnered with cyber security rating provider SecurityScorecard to offer complimentary cyber security analysis to qualifying clients of its Global Risk Solutions North America and Liberty specialty markets units.