It’s not just the ‘Swifties’ that were distressed by the calling off of the recent Taylor Swift concerts, but also event cancellation insurers who will face “millions of dollars of claims”. Although the M&A transaction count sits at 9% lower than this time last year, this could be impacted by the upcoming Autumn Budget say MarshBerry. Finally, if you want to find out about the opportunity cost of AI and how to adhere to AI compliance standards and ethics then tune into the most recent Reinventing Finance podcast.
Taylor Swift Cancellations Deal Blow to Insurers: Sources (Source: Insurance Journal)
A foiled terrorist attack in Austria last week forced the cancellation of three Taylor Swift concerts and sources say losses “could be in the tens of millions of dollars”.
Blockbuster deals help drive UK M&A forward in July 2024 – MarshBerry (Source: Insurance Business Magazine)
July has witnessed a shift in the M&A landscape due to the new Labour government and a reduction in the number of deals recorded. MarshBerry predicts an escalation in deal volume in the lead up to the Autumn Budget influenced by the speculated increase in the capital gains tax rate.
PODCAST: Reinventing Finance: Episode 49 Simon Torrance, Founder of AI Risk (Source: Reinventing Finance)
Explore the four categories of AI risk to consider when developing and deploying AI within an insurance organisation in this new podcast featuring Simon Torrance.
Severe convective storms continue to drive most of insured losses in H1 (Source: Insurance Insider)
According to Swiss Re, severe convective storms (mainly in the US) account for 70% of global insured losses. This article will examine “the industry’s need for more refined modelling to better manage and understanding this growing risk”.
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