Market News
Risk Retention Groups' Second-Quarter Results Show Financial Stability
A review of risk retention groups' (RRGs') second-quarter financial results found that despite current political and economic uncertainty, RRGs remain financially stable while providing specialized coverage to their insureds.The findings were in the report "Analysis of Risk Retention Groups Second Quarter 2022" from Demotech, Inc. Read More
New Catastrophe Bond and ILS Issuance Slowed in Third Quarter
While new issuance in the catastrophe bond and insurance-linked securities (ILS) market slowed significantly in the third quarter of 2022, issuance for the year's first 9 months remains above average, according to Artemis. Artemis notes that the third quarter typically sees the lowest volume of new issuance. Read More
Aon Acquires Reputational Risk Data and Analytics Capabilities
Aon plc has acquired data and analytics capabilities for reputational risk from Pentland Analytics, a provider of advanced analytics and advisory services. The transactions included Pentland's reputation crisis database, proprietary modeling algorithms, and a cloud-based Web app for clients. Read More
Key Technology Vendors Commit to Supporting Lloyd's Blueprint Two
A group of technology vendors has committed to supporting Lloyd's of London's Blueprint Two solutions for the London insurance market. ACORD Solutions Group, AdvantageGo, DXC Technology, TRACE, and Verisk said they will introduce changes to their platforms to accommodate the Blueprint Two solutions. Read More
Economic Forces Seen Putting Pressure on Some Cyber-Security Budgets
Economic uncertainty, interest rate hikes, and the negative effects of a strong US dollar on multinational businesses are placing increased pressure on cyber-security budgets, according to Fitch Ratings. The rating agency noted that spending on cyber security is often viewed as an added cost rather than an essential business expense. Read More