Artemis has learned that Sutton National Group is now aiming to secure an upsized $100 million in fire reinsurance protection for California via its debut Greengrove Re Ltd. (Series 2025-1) catastrophe bond issuance.Sutton National Group launched its debut appearance in the cat bond market earlier this month, seeking to secure $75 million or more in … Read more
Mosaic Insurance has launched a combined environmental product that merges primary commercial general liability with a suite of added pollution and professional coverages. The company’s new Site Pollution & General Liability (SGL) form provides primary and excess (supported and unsupported) capabilities with $25 million in excess capacity and is available to retail and wholesale brokers. … Read more
Norfolk Southern’s solid fourth quarter — combined with the optimism the railroad is hearing from their customers and support they’re getting from Washington D.C. — has the CEO feeling optimistic about 2025. The railroad, based in Atlanta, earned $733 million, or $3.23 per share, in the fourth quarter. That’s up from $527 million, or $2.32 … Read more
In the past few years, the frequency and severity of cyber attacks have increased significantly. According to our most recent Cyber Risk Index report, 82% of startup founders have experienced a cyberattack. Up from 63% two years previous. Are you prepared for cyber risks? Read our 2024 Cyber Risk Index Report to find out what … Read more
New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans. That measure is one of several options under discussion as the state’s Department of Financial Services — which regulates insurers — grapples with mounting financial troubles at … Read more
