insurance risk

Ongoing violence by criminal groups in Mexico — which disrupted travel and targeted businesses in Puerto Vallarta over the weekend — could pose serious challenges for a country where tourism accounts for roughly 10% of the economy, according to a new commentary from AM Best.

Apollo Global Management Inc. warns that the growing move by some U.S. insurers to the Cayman Islands carries echoes of Silicon Valley Bank’s sudden collapse—an implosion that quickly spiraled into a regional banking crisis.