“Cyber Insurance: A Hard Reset”. Howden, the international insurance broker, has today released a new report on the cyber risk landscape, titled “Cyber Insurance: A Hard Reset”. The report looks at how three key factors are driving the cyber insurance market today, namely rampant ransomware attacks, higher rates and shifting regulation – the three Rs.… Continue reading Global cyber insurance pricing increases 32% as insurers grapple with the changing face of cyber risk
Month: June 2021
Risk-adjusted property-catastrophe reinsurance pricing up 5-10% as rate momentum moderates
HX, the digital, analytics, and advisory division of Howden Group Holdings, today announces a market update for 1 June reinsurance renewals alongside its Q1 2021 sector earnings overview. Key takeaways: Risk-adjusted property-catastrophe reinsurance pricing rose by 5-10% on average at 1 June as rate momentum remained, albeit at a slower pace. Industry profitability returned to… Continue reading Risk-adjusted property-catastrophe reinsurance pricing up 5-10% as rate momentum moderates
Launch of the world’s first fully sustainable insurer, Parhelion
Howden, the international insurance broker, today announces the launch of Parhelion, the world’s first fully sustainable insurer. Parhelion is targeting a capital raise of $500m and being advised by Howden Capital Markets and TigerRisk Capital Markets & Advisory. Against the backdrop of an insurance industry starved of truly sustainable capacity, Parhelion’s new and diversified ESG… Continue reading Launch of the world’s first fully sustainable insurer, Parhelion