Typhoon Tapah Disrupts Hundreds of Domestic Flights in Japan and South Korea September 23, 2019 By Sam Kim and Lisa Du Hundreds of domestic flights in Japan were canceled because of Typhoon Tapah, and the storm caused similar disruptions in South...
Brazil Police Accuse Mining Firm Vale, Auditor of Fraud Related to Deadly Dam Collapse September 23, 2019 By Marta Nogueira Brazilian federal police proposed criminal charges against Vale SA, auditor TÜV SÜD and 13 of their employees, alleging fraud in...
Good Leaders Challenge the Status Quo-and Themselves: SCOR’s Conoscente September 23, 2019 By L.S. Howard Jean-Paul Conoscente became the CEO of SCOR Global P&C in April 2019 when his predecessor, Victor Peignet, retired after 35...
Staying Profitable in an Increasingly Fragmented World: SCOR Global P&C CEO September 23, 2019 By L.S. Howard There are several things that keep SCOR’s Jean-Paul Conoscente awake at night. Climate change is one of them; cyber risk...
Zurich Insurance Taps Giger from Swiss Regulator, FINMA, as Group Chief Risk Officer September 20, 2019 Zurich Insurance Group announced that Peter Giger will join the group on Oct. 1, 2019, as group chief risk officer...
Aviation Industry Braces for Double-Digit Premium Hikes After 737 MAX Groundings September 20, 2019 By Allison Lampert and Suzanne Barlyn The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers...
African Swine Fever Spreads in Philippines September 20, 2019 By Enrico Dela Cruz Blood samples from pigs in backyard farms in the Philippine capital Manila tested positive for African swine fever, the Department...
France’s CNP Assurances Reaches Bancassurance Deal with Brazil’s Caixa Worth $1.7B September 20, 2019 By Carolina Mandl France’s CNP Assurances SA has reached a deal worth 7 billion reais ($1.7 billion) with Caixa Economica Federal to sell...
Re/insurers Rethink Climate Change Risks as Losses Grow from Wildfires, Floods, Hail September 20, 2019 By Lena Masri By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay...
Bermuda’s Brit Re Gets ‘A’ Rating from AM Best as Firm Prepares to Write Casualty Treaty September 20, 2019 AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to...