Ledger Investing has successfully secured and launched a $100 million casualty sidecar for a global reinsurer, marking a significant milestone for the company. This funding will support Ledger’s casualty reinsurance business across three underwriting years on a quota-share basis. The development
Principal Financial Group (PFG) has long been a cornerstone in the financial sector, renowned for its dedication to customer satisfaction, security, and privacy. With the increasing prevalence of cyber threats and the ever-evolving landscape of data privacy regulations, PFG’s commitment to these
The modern economy is a complex, interwoven tapestry of factors influencing business operations, financial markets, and societal behaviors. Two significant drivers coming to the forefront are intensified legal scrutiny on corporate activities and escalating climate concerns. This article delves
Ledger Investing has launched a groundbreaking initiative aimed at revolutionizing the insurance and reinsurance markets. Leveraging Insurance Linked Securities (ILS), the company seeks to bridge the gap between insurance risks and capital, offering innovative solutions for capital management. The
Canopius US Insurance Inc. has announced its strategic expansion into the U.S. excess liability market, marking a significant milestone for the company. Lisa Davis, CEO of U.S. and Bermuda operations, made this announcement at the Wholesale & Specialty Insurance Association's annual conference in
The excess and surplus (E&S) lines insurance market is experiencing notable trends and developments, as detailed in a recent article by Business Insurance. One of the most significant updates is Canopius US Insurance Inc.'s plan to launch excess casualty coverage by the end of the year, a clear
In the aftermath of the Global Financial Crisis (GFC), regulatory frameworks like the Dodd-Frank Act were instituted to ensure financial stability and prevent systemic risks posed by large financial institutions. Central to these efforts was the Financial Stability Oversight Council (FSOC), tasked
The Nonprofits Insurance Alliance of California Inc. (NIA) has made a significant decision to halt the renewal of specific insurance coverages for foster family agencies (FFAs) in California. This decision directly responds to new state legislation, Assembly Bill 2496, signed by Governor Gavin
The insurance industry is poised for a major transformation with the advent of Kyber's AI-powered platform. Backed by Y-Combinator, Kyber aims to solve a long-standing issue in the industry: the cumbersome claims notification process. Through automation and artificial intelligence, this innovative
The increasing acknowledgment of climate change's impacts has spurred industries and investors to seek out innovative solutions for managing associated risks. Addressing this demand, Howden has launched its pioneering Resilience Laboratory in collaboration with Microsoft, marking a significant
