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The airlines, healthcare and financial services industries were some of the sectors affected by the outage.
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A quick roundup of today’s need-to-know news, including the CrowdStrike outage and a hire at SiriusPoint.
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Travelers and Selective’s releases point to ongoing reserving challenges this earnings season.
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The broker warned that D&O and P&C policies could also be impacted by the outage.
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CrowdStrike has an estimated 15%-25% market share among large companies.
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A quick round-up of today’s need-to-know news, including the Microsoft outage and Travelers' results.
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The incident highlights the aggregation risk around cloud service reliance.
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Markel executive Alan Rodrigues will lead the unit.
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Average rate increases went to 5.6% in June 2024 from 28.2% in June 2023 .
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The Longtail Re deal buys the specialty insurer time to secure its future, or an exit for shareholders.