Insured Price Tag for Canada’s Summer Storms and Wildfires Nears C$200M September 24, 2021 Two storms that raged across Alberta and Saskatchewan in Canada in July and August caused C$120 million (US$94.5 million) in...
Flood Modeler JBA Collaborates With South African Broker, Reinsurance Solutions September 24, 2021 JBA Risk Management Ltd. announced its collaboration with Reinsurance Solutions Intermediary Services (RSIS), an African-based reinsurance broker that will use...
Evergrande’s Problems Prompt China’s Banks, Insurers to Pull Back on New Credit September 24, 2021 By Engen Tham SHANGHAI/BEIJING – As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers,...
Mediobanca Boosts Stake in Generali as Battle Over Leadership Heats Up September 24, 2021 By Alberto Brambilla and Chiara Remondini Italy’s Mediobanca SpA strengthened its grip over insurer Assicurazioni Generali SpA, boosting its stake to more than 17% just days...
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...
People Moves: Insurer Aviva Names Montague, Cummings to Exec Committee; Wood to Launch Captive Operation for Price Forbes Bermuda; Wagstaff Is CEO of LMG September 24, 2021 This edition of International People Moves details appointments at UK insurer Aviva, broker Price Forbes Bermuda and the London Market...
Global Reinsurers Could Be Greatly Underestimating Exposure to Climate Risk: S&P September 24, 2021 Reinsurers’ estimates of their exposure to natural catastrophe risk could be underestimated by 33%-50%, according to a report published by...
People Moves: Howden Names Swiss Re’s Cochrane for Energy Transformation; Apollo Hires Sandi for Casualty Treaty; AXA XL’s MacColl to Atrium to Lead Hull & War September 23, 2021 This edition of International People Moves details appointments at the broker Howden and two Lloyd’s insurers: Apollo Syndicate Management and...
‘Attribution Science’ May Help Plaintiffs Push Climate Suits Ahead September 23, 2021 By Susanne Sclafane Although a U.S. Supreme Court decision put an end to climate lawsuits alleging violations of the federal common law of...
Is Climate Litigation Covered by Insurance? September 23, 2021 By Susanne Sclafane Federal or state court? How will attribution science impact climate litigation? The questions aren’t the only ones of interest to...