Editors' picks for the week include a story on an insurer standing apart with steady growth in individual long-term care policy issuance and a hedge fund-linked vehicle appearing to win the Scottish Re auction.
UK insurance-linked securities pioneer Neon set to renew deal
Lloyd's of London insurer Neon Underwriting Ltd., the first company to use the U.K.'s new insurance-linked securities regime, is planning to renew its existing deal and hopes to boost its size.
Cyberattacks have escalated, become more diverse in recent years
The year 2017 was a high-water mark for large-scale hacks, which cybersecurity professionals and insurance companies said have become more diverse and severe in the last two years.
Insurer stands apart with steady growth in individual LTC policy issuance
After producing a third straight year of expansion in new individual long-term care policy issuance, Mutual of Omaha Insurance Co. plans to continue focusing on growth in a limited benefits market that has proven both stable and profitable for the company.
UK brokers could shun unrated, overseas insurers after latest collapse
U.K. insurance brokers could start pulling away from unrated, overseas insurers as pressures mount following the high-profile collapse of Denmark-based Alpha Insurance A/S in May.
New hedge fund-linked vehicle emerges to win Scottish Re auction
A newly formed entity backed by a Scottish Re Group Ltd. creditor was deemed to have submitted the highest and best offer for two subsidiaries of the life reinsurer following a two-party, bankruptcy-court supervised auction.
