Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market

According to Fitch’s report, based largely on statutory financial supplements from insurers disclosing cyber-specific direct premiums, Fairfax reported 300% growth in premium in 2021 to move from eighth in 2020 to its current position thanks to the performance of its Crum & Forster, Hudson Insurance, and Allied World operations. The analysis found that Chubb’s cyber […]

Latest Stock Market, Bitcoin and Business News: Live Updates – The New York Times

The focus of attention on Monday was China’s economy, after customs data showed that growth in the country’s exports slowed significantly in April and Li Keqiang, the Chinese premier, warned this weekend that the current state of the nation’s jobs market was “complicated and grave.”The trade slowdown was a product of China’s efforts to contain […]

Posthaste: The way the housing market is stalling, the Bank of Canada may have to hit the …

Sales in April fell 26% in Toronto from March, 22% in Calgary and 17% in Vancouver. Toronto prices dropped 6.4% in April on a seasonally-adjusted basis from the month before, the worst drop since April 2020, when the pandemic basically froze the market. Another important indicator is sales-to-new-listings ratios which declined in Toronto, Vancouver and […]