Market News
Reinsurers Find Stability with Shift from Property Catastrophe Risks
Reinsurers are seeing more stable and improved results as they move away from property catastrophe risks, according to a new report from A.M. Best. The rating agency said that even with rate increases, most reinsurers see current property catastrophe prices as insufficient to compensate for the level of uncertainty. Read More
Cowbell Cyber Partners with Swiss Re on Cloud Cyber-Insurance Program
InsurTech Cowbell Cyber has partnered with Swiss Re to provide a cyber-insurance program designed for businesses whose operations rely on cloud-based activities. The program is designed for businesses with up to $750 million in revenue that are building a digital footprint on Amazon Web Services, Cowbell Cyber said. Read More
A.M. Best Affirms United Educators Financial Strength, Credit Ratings
United Educators Insurance, a reciprocal risk retention group, reported that A.M. Best has once again affirmed its A (Excellent) financial strength rating, as well as its A+ (Excellent) issuer credit rating. A.M. Best cited United Educators' "leading market position and diversification of risk by region and type of institution." Read More
Russia-Ukraine Conflict Highlights Interconnected Nature of Risks
The effects of the Russia-Ukraine conflict have demonstrated how interconnected our world and risks have become, showing the volatility that can be associated with conflict and how far its impacts can be felt, a new report suggests. The conflict will likely trigger significant changes in the world's future risk landscape. Read More
Milliman Opens Bermuda Office To Formalize Presence on the Island
Global actuarial and consulting firm Milliman, Inc., has opened an office in Bermuda in response to increased demand for insurance consulting and technology support on the island. Milliman noted that it has long worked with companies operating in Bermuda as well as global clients with interests on the island. Read More