Market News
Cowbell Cyber To Pair New Specialty Insurance Company with Captive
Cyber-insurance provider Cowbell Cyber has formed a new subsidiary, Cowbell Specialty Insurance Company, which will pair with the company's captive insurance company, Cowbell Re. The company says the move will provide it with additional flexibility and control in serving the fast-growing cyber-insurance market. Read More
Rating Agency Says Inflation Could Prompt "Deteriorating" Outlooks
Fitch Ratings has cautioned that insurance sector outlooks in several markets around the world could move to "deteriorating" if high inflation and rising interest rates persist beyond current forecasts. Fitch said that non-life sectors would typically be most exposed, especially those with a high proportion of long-tail business. Read More
Rating Agency Sees Better Times Ahead for Bermuda Insurers, Reinsurers
After 5 years of underperformance, Bermuda (re)insurers could be on the verge of better times, according to S&P Global Ratings. The rating agency noted that only a few Bermuda (re)insurers produced underwriting profitability between 2017 and 2021. Read More
FERMA Calls on (Re)Insurance Industry To Support Energy Transition
The Federation of European Risk Management Associations (FERMA) has called on the (re)insurance industry to do more to support its business clients in making the transition to carbon neutrality. In a new white paper, "Insuring the Transition," FERMA called on insurers and reinsurers to address a number of insurance-related issues. Read More
US Insurers' Investments in Catastrophe Bond Market Are Limited
Despite the significant growth in the insurance-linked securities (ILS) and catastrophe bond market in recent years, US insurers continue to make only minimal investments in the asset class, according to A.M. Best. Best said that US insurers hold approximately $850 million of the approximately $33 billion in outstanding catastrophe bonds. Read More