-
Fenix24 plans to use the war chest to transform the post-breach restoration process in cyber, and to secure more partnerships with brokers and carriers. -
Inside P&C’s news team runs you through the key highlights of the week.
-
A group of lenders have provided uninsured deposits of $30bn to support the ailing bank.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
WSIA members also elected RT Specialty president Brenda (Ballard) Austenfeld vice president and Axis wholesale CEO Carlton Maner as secretary.
-
The latest statutory data release shows commercial carriers continued to benefit from the extended pricing cycle and exposure growth propelled by inflation, although growth slowed year-on-year.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Meanwhile, commercial auto rates decelerated to 5.64% from 5.84% last month as umbrella slowed down to 4.98% from 5.59%.
-
Not only could raising venture debt become increasingly difficult for the sector, but InsurTech companies could also struggle to access their credit lines.
-
D&O underwriters, as well as financial institution insurers supporting startups and venture capitalists, could have faced “financial distress” without government intervention.
-
While panelists agreed that tort reform is needed, they also noted that it couldn’t be achieved by force from the insurance industry alone.
-
Costs of defending and settling lawsuits are likely to fall on the bank’s D&O insurers.
