Viewpoint: Global Reinsurers Stand Strong Amid Investment Volatility, Natural Disasters May 29, 2025 By Johannes Bender The reinsurance industry has shown significant improvements in operating performance in recent years. Despite facing substantial insured natural catastrophe losses...
Definity’s Travelers Canada Deal Could Prompt Wave of Consolidation, CEO Says May 29, 2025 By Nivedita Balu Canadian property and casualty insurer Definity Financial’s $2.4 billion purchase of Travelers Cos.’ Canadian business could spur a wave of...
People Moves: AXIS Restructures Global Markets Team; Chaucer Taps Ray From Fidelis as Head of Renewable Energy and Energy Transition May 28, 2025 This edition of International People Moves details appointments at AXIS Capital Holdings and Chaucer Group. A summary of these executive...
EU Almost on Track to Reach 2030 Climate Goal May 28, 2025 By Kate Abnett The European Union is nearly on track to reach its main climate target for this decade, with countries’ existing CO2-cutting...
German Court Throws Out Peruvian Farmer’s Climate Case Against RWE May 28, 2025 A German court on Wednesday threw out a Peruvian farmer’s lawsuit seeking damages from RWE for the German energy utility’s...
Dutch Insurer Scraps Old-Style Chat Bots Amid Uneven AI Rollout May 28, 2025 By Charlotte Hughes-Morgan and Steven Arons NN Group NV is replacing pre-programmed chat bots in client-facing roles with a version that can interact more naturally with...
Definity Financial to Buy Travelers Cos.’ Canadian Operations for $2.4 Billion May 28, 2025 Travelers Cos. said on Tuesday it has agreed to sell its Canadian personal insurance business and majority of its commercial...
Cyberattack Surge Creates Opportunity for Insurers, Prompts Rethink on Premiums May 28, 2025 By Maggie Shiltagh and ChloƩ Meley A recent surge in high-profile cyberattacks is offering an opportunity for insurers including Munich Re AG and Chubb Ltd. to...
Tokio Marine Launches Green Unit, Eyes $1 Billion Revenues by 2030 May 28, 2025 By Simon Jessop Japanese insurer Tokio Marine has set up a unit to insure activities linked to the low-carbon transition such as green...
People Moves: Fidelis Insurance Group Promotes Greenwood as CUO for Bermuda; Everest Names Former Chubb Executive Page to Board of Directors May 27, 2025 This edition of International People Moves details appointments at Fidelis Insurance Group and Everest Group. A summary of these new...