Bayer to Pay $1.6 Billion to End 90% of U.S. Claims for Essure Birth Control Device August 21, 2020 By Tom Sims German drugs and pesticides group Bayer said on Thursday it will pay around $1.6 billion to settle the majority of...
Allianz Expects to Be Back on Track with Profit Targets as COVID Crisis Subsides: CEO July 2, 2020 By Alexander Hübner and Tom Sims Allianz, which is facing headwinds from the coronavirus crisis, expects to be back on track in 2021 barring a second...
Space Insurance Premiums Could Double After European Vega Rocket Crash July 31, 2019 By Carolyn Cohn, Tom Sims and Noor Zainab Hussain Space rockets and satellites are likely to cost more to insure after the European Vega rocket crash this month, which...
EU Regulator Says Insurers Pass Stress Tests December 17, 2018 By Tom Sims Europe’s biggest insurers successfully withstood the latest tests of their ability to cope with severe market shocks, the European Union’s...
Financial Markets’ Volatility Will Hit Allianz’ Fund Business, Warns Board Member July 6, 2018 By Alexander Hübner and Tom Sims Recent volatility in financial markets will curb inflows this year into Allianz’ asset management business, which includes U.S. bond giant...
Munich Re Not Looking But Would Welcome Investor: CEO Wenning April 23, 2018 By Tom Sims and Alexander Hübner Munich Re would welcome a long-term investor taking a significant stake in the company as the world’s largest reinsurer eyes...
Allianz Cuts 2017 Profit Projection After Q3 Natural Catastrophe Claims November 13, 2017 By Tom Sims Allianz has slightly downgraded its profit outlook for the full year after increased claims from natural disasters in North America,...
Natural Disasters Begin to Hit Profits of Global Reinsurers September 22, 2017 By Tom Sims and Maria Sheahan A profit warning from one of the world’s largest reinsurers is the latest sign that the death and destruction from...
Hurricane Costs Become Talk of Monte Carlo’s Reinsurance Rendezvous September 18, 2017 By Tom Sims As Hurricane Irma battered Florida, the cream of the insurance world — gathered in Monte Carlo — was assessing the...
Hurricane Costs Become Talk of Monte Carlo’s Reinsurance Rendez-Vous September 10, 2017 By Tom Sims As Hurricane Irma battered Florida on Sunday, the cream of the insurance world — gathered under the Mediterranean sun in...