50 Companies Worldwide Are Highly Exposed to Physical Climate Risks, Say Investors September 24, 2021 By Carolyn Cohn and Nina Chestney European energy firms Centrica and Galp, food group Nestle and watchmaker Swatch are among 50 companies worldwide that are highly...
Lloyd’s Urges Insurance Workforce With Ethnic Minorities as One-Third of New Hires September 17, 2021 By Carolyn Cohn Lloyd’s of London wants the commercial insurance market to recruit a third of its workforce from ethnic minorities, it said...
Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions September 10, 2021 By Carolyn Cohn LONDON— Willis Towers Watson has around $5 billion of capital which could used for acquisitions, its president and incoming chief...
Offshore Energy Firms Warned of Insurance Limits for Ida Losses September 10, 2021 By Carolyn Cohn and Noor Zainab Hussain Offshore energy firms are likely to face greater financial losses from Hurricane Ida than from previous storms in the Gulf...
Marshmallow, Black-Founded Insurtech, Is Now a Unicorn September 8, 2021 By Carolyn Cohn Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it...
Global Reinsurance Rates, Demand to Continue Rising in 2022 September 7, 2021 By Carolyn Cohn Global reinsurance rates are likely to continue rising next year after several years of increases, though the pace of increase...
Insurers Pull Back as Risks of Satellite and Space Debris Collisions Surge September 1, 2021 By Noor Zainab Hussain and Carolyn Cohn An ever-swelling amount of space debris is threatening satellites that hover around Earth, making insurers leery of offering coverage to...
Insurers Expect COVID-19 Liability Claims Against Employers as Employees Return August 16, 2021 By Carolyn Cohn, Noor Zainab Hussain and Kirstin Ridley Liability insurers on both sides of the Atlantic are scaling back the cover they offer companies ahead of an expected...
Insurers Expect COVID-19 Liability Claims Against Employers as Employees Return August 6, 2021 By Carolyn Cohn, Noor Zainab Hussain and Kirstin Ridley Liability insurers on both sides of the Atlantic are scaling back the cover they offer companies ahead of an expected...
Britain Launches $1 Billion Reinsurance Scheme to Cover Music Festivals August 6, 2021 By Carolyn Cohn Britain launched a government-backed reinsurance scheme totaling more than 750 million pounds ($1 billion) on Thursday to cover live events...