Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best November 1, 2024 By L.S. Howard AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 – a five-year...
Penn Nursing Awarded $3.2 Million Grant to Improve Firearm Storage November 1, 2024 The University of Pennsylvania School of Nursing has been awarded a $3.2 million, five-year grant to develop an evidence-based secure...
Global Natural Catastrophe Insured Losses Exceed $102B During Q1-Q3 2024: Aon October 29, 2024 By L.S. Howard The third quarter of 2024 saw a significant number of natural disaster events, which drove year-to date economic losses above...
New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver October 29, 2024 A new report from Gallagher Re has found that cyber insurers could reduce loss ratios up to 16% by removing...
Global Commercial Insurance Rates See 1st Quarterly Decline in Seven Years: Marsh October 24, 2024 By L.S. Howard Global commercial insurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first...
80% of Residents Say New York City Is Unprepared for Climate Risks October 24, 2024 A recent survey reveals that a 80% of New York City residents feel their city is unprepared for climate-related risks....
Climate Change Causes 379% Hike in Insured Damages in Canada Over 10 Years: Report October 17, 2024 The annual average insurable losses in the last decade increased in Canada by a whopping 379%, when compared to the...
Female Leadership Suffers When Private Equity Firms Invest October 16, 2024 By Isabella Ward Female board and leadership representation at European companies plunges whens private equity firms invest, according to a study by consultancy...
Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency: Report October 16, 2024 Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according...
Economic Challenges, Cyber, and People Risks Top UK Businesses’ Concerns: Marsh October 11, 2024 Economic and financial challenges (43%), cyber threats (39%) and people-related risks (38%) are the top three concerns facing UK businesses...