Editors' picks for the week include articles on topics of interest at a cyberrisk conference in Chicago and the financial woes of a Bahrain reinsurer.
Cyber insurers forced to grapple with complex web of risks, unforeseen exposures
Property insurers have contended with the risk of "silent cyber" exposure creeping onto their books for several years, but now cyber insurers are having to contend with a similar problem, albeit in reverse.
Cyber insurance war exclusion would be hard to defend in court, legal experts say
Insurers that write cyber policies with exceptions for acts of war will find that provision almost impossible to defend in courts, according to legal experts.
Allianz would back more UK acquisitions, says German giant's local CEO
Allianz Group is likely to back further acquisitions by its U.K. business given suitable deal terms, according to the group's U.K. CEO, Jon Dye.
Bahrain reinsurer says funds on the way after accounts reveal $92M capital hole
Bahrain-based reinsurer Trust International Insurance Co. BSC has said replacement funds are on the way from its parent after its delayed 2017 financial statements revealed a $92.5 million hole in its solvency capital.
Top-line sluggishness evident in Q1 US P&C insurance statutory financials
Based on a first look at statutory financials for the first quarter, recent upbeat commentary about pricing trends in certain lines of business did not translate into comparatively favorable premium growth in the period for the U.S. property and casualty industry. The year-over-year growth rate in direct premiums written of 4.4% was the slowest in 10 quarters.