France’s AXA to Invest €1.5B to Fight Deforestation, Preserve Biodiversity October 15, 2021 French insurer AXA said on Thursday it will invest 1.5 billion euros ($1.74 billion) to support sustainable forest management as...
Ping An’s Big Drop in Market Value Driven by Investor Wariness Over China Uncertainties October 14, 2021 By Bloomberg News China’s Ping An Insurance (Group) Co. has long argued it should be treated like a high-growth technology company instead of...
People Moves: WTW Hires ERS’ Shepherd to Lead Facultative; Specialty Insurer Fusion Names Gallagher’s Simmonds as Managing Partner; AXIS’ Quane Is CUO at Beazley October 14, 2021 This edition of International People Moves details appointments at broker Willis Towers Watson, specialty insurer Fusion and insurer Beazley. A...
Biz Interruption, Recovery Costs Drive Financial Losses From Cyber Attacks: Report October 14, 2021 By L.S. Howard During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published...
What Corporations Can Do to Avoid Ransomware Attacks October 14, 2021 Allianz Global Corporate & Specialty (AGCS) has published a checklist of cyber risk management recommendations to help prevent ransomware attacks....
UK Commercial Fleet Insurance MGA Humn Raises $13.7 Million October 14, 2021 Humn, a UK-based insurtech MGA focused on data-driven commercial fleet insurance, has raised $13.7 million in new financing. The money...
UK Companies Struggle to Find Workers Despite Salary Increases October 14, 2021 By Andrew Atkinson Eight in 10 UK companies struggled to find workers last month despite many of them increasing wages, according to a...
Life Insurance Sector at Risk if Bond Yields Rise Sharply: IMF October 14, 2021 The life insurance industry is at risk if there is a sharp rise in bond yields, with an extreme situation...
Vulnerable to Climate Change, England Must ‘Adapt or Die’, Agency Warns October 14, 2021 England will be hit hard by floods like those that devastated Germany this summer if the country does not improve...
RenaissanceRe and Arch Capital Estimate Impact of Q3 Natural Catastrophes October 13, 2021 RenaissanceRe Holdings Ltd. estimated losses from certain catastrophe events will have a net negative impact of approximately $725 million on...