Summit: Big Picture Trends Driving Insuring Cannabis Conditions
Certain exclusions that were once prevalent in cannabis insurance seem to be eroding, possibly a sign of some good news for businesses in the industry. A
Source: insurancejournal.com
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Alternative capital in P&C insurance for investors and carriers
P&C insurers can use alternative capital to close the reinsurance gap. Here are five trends to watch.
Source: mckinsey.com
A delicate balance: US renewals
Heavy cat losses and secondary perils ensured rising rates were a given for the 1/1 renewals, but it was the battle between uncertainty and capacity that determined exactly where they landed. Intelligent Insurer reports.
Source: intelligentinsurer.com
You can't always get what you want: US renewals
Rates moved in the right direction at the 1/1 renewals for reinsurers, but not far enough to compensate reinsurers for uncertainties over climate change, secondary perils and claims inflation. There were frustrations on all sides, but if they didn’t get all they wanted, many got what they needed – at least for now.
Source: intelligentinsurer.com
SiriusPoint reveals new head of US and Canada reinsurance
The executive replaces industry veteran Warren Trace who has retired.
Source: intelligentinsurer.com