Swiss Re Expects Claims From Hurricane Ian to Bring Q3 Loss October 18, 2022 Swiss Re forecast on Tuesday a third-quarter net loss of around $500 million after the reinsurance company absorbed preliminary claims...
Taming Global Supply Chain Risks, Holistically September 29, 2022 By L.S. Howard While supply chain risks are insurable, many products do not cover non-damage business interruption, and companies could find they aren’t...
Supply Chain Restructuring to Generate $33B in Commercial P/C Premiums by 2026: Swiss Re September 14, 2022 By Kimberly Tallon Swiss Re predicts that deglobalization will generate $33 billion in new commercial property/casualty insurance premiums by 2026, according to its...
Low Rate of Flood Insurance Cover Spells Danger as Climate Crisis Deepens September 2, 2022 By Noor Zainab Hussain and Carolyn Cohn Insured losses from floods doubled to $80 billion globally during 2011-2020 compared to the previous decade, while insurance penetration lingered...
Swiss Re Underwriter Wins Sex Discrimination Suit After Boss Joked About Her Breasts August 26, 2022 By Jonathan Browning A former Swiss Re AG underwriter won her sex discrimination suit after she was left humiliated by a senior manager...
Munich Re Keeps No. 1 Spot in Ranking of 50 Global Reinsurers, With Swiss Re at No. 2 August 17, 2022 Munich Re for the second-straight year holds the top spot in AM Best’s annual ranking of the Top 50 Global...
Floods, Storms Drive Global Insured Catastrophe Losses of US$38B in H1 2022: Swiss Re August 2, 2022 A series of winter storms in Europe, record floods in Australia and South Africa as well as a high number...
Industry’s Blockchain Project, B3i, Ceases to Trade After Filing for Insolvency July 29, 2022 By L.S. Howard The industry’s blockchain project, B3i, has ceased activities and filed for insolvency following unsuccessful funding rounds. “The directors, following consultation...
Global Premiums Will Eclipse $7 Trillion for First Time by End of Year: Swiss Re July 14, 2022 Swiss Re’s economists predict “inflationary recessions” hitting major world economies over the next 12-18 months, and while recessions spell less...
Insurance Industry Support of Carbon Removal Needed in Drive to Net Zero July 13, 2022 By L.S. Howard Ditching investments in fossil fuel businesses—and denying them insurance—aren’t the only ways for the insurance industry to participate in the...