Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain...
inflation News
Lloyd’s of London will pay staff earning less than £75,000 ($86,306) an extra £2,500 to help cover rising living costs...
The majority of US pandemic-era inflation came from a surge in demand, but supply-chain constraints stoked it further, Federal Reserve...
Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in 25 years, will hurt the profitability...
Allstate announced August 18 that Glenn Shapiro, president, Property-Liability, has decided to retire at the end of September. He joined...
Inflation likely won’t subside anytime soon, and insurers will need to be proactive and flexible if they want to stay...
UK insurer Aviva Plc is the latest financial firm to give some of its staff a one-time payment to help...
The cost of paying auto claims is running particularly high in Britain and the United States, insurer Admiral’s chief said...
Chubb CEO Evan Greenberg said the insurer is seeing favorable returns, but additional rate is needed to “keep pace with...
Swiss Re’s economists predict “inflationary recessions” hitting major world economies over the next 12-18 months, and while recessions spell less...