Catastrophe-Bond Issuance Pushes Overall Market to Almost $50 Billion December 26, 2024 By Gautam Naik Catastrophe-bond issuance rose to a record this year, increasing the overall market to almost $50 billion, as insurers transferred more...
Losses From Crypto Hacks Jump to $2.2 Billion in 2024, Report Says December 26, 2024 By Medha Singh Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024, a report from...
RiverStone International to Provide Loss Portfolio Transfer for Zurich Insurance December 23, 2024 RiverStone International, the London-based provider of legacy solutions, announced it has signed an agreement with the French branch of Zurich...
Australia Braces for Worsening Bushfires as National Park Burns December 23, 2024 By Amy Bainbridge Fire restrictions are in place across the Australian state of Victoria as one of its most popular national parks burns...
DHL Plane Crash Black Box Shows No Foul Play, Lithuania Says December 23, 2024 By Ott Tammik Initial findings from the flight recorders of a DHL-operated plane that crashed near Vilnius Airport in November have given no...
Aviva Agrees to Buy UK Insurer Direct Line for £3.7 Billion December 23, 2024 By Aaron Kirchfeld Aviva Plc agreed to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.65 billion) in a deal that...
Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025 December 20, 2024 Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing...
Liberty Mutual Weighs Sale of Thailand, Vietnam Assets December 20, 2024 By Jan-Henrik Förster, Elffie Chew and Manuel Baigorri Liberty Mutual Holding Co. is considering a sale of its businesses in Thailand and Vietnam as the US insurer seeks...
Ships Canceled, Smelter Hit As Mozambique Braces for More Post-Election Disruption December 20, 2024 By Matthew Hill Post-election protests rocking Mozambique since late October have interrupted trade and hampered a major aluminum smelter, with the southeast African...
Self-Proclaimed Bitcoin Inventor Found in Contempt of Court After Lawsuit Loss December 20, 2024 By Eleanor Thornber A computer scientist who falsely claims to be the inventor of Bitcoin was handed a suspended prison termafter being found...