Europe Reinsurers’ H1 Profits Climb on Lower COVID Claims, Hardening Prices: Moody’s August 19, 2021 The four largest European based reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – reported sharply higher profits...
Swiss Re Hires CNA’s Stephenson to Lead Casualty; Richards Named CEO UK & Ireland August 18, 2021 Swiss Re announced changes in the leadership of its Reinsurance Business Unit. Effective Jan. 1, 2022, Jason Richards will become...
Catastrophe Bond Market Breaks New Record with $8.5 Billion of Securities Issued August 18, 2021 Catastrophe bonds broke a record during the first half of the year with about $8.5 billion of new securities issued,...
Concerned Scientists Outline What U.S. Should Do to Deal with Climate Change August 12, 2021 By Don Jergler Six insurers have ruled out Arctic refuge drilling, according to a report out this week from the Gwich’in Steering Committee....
Reinsurers Show Strong Profits During 2nd Half, Rebounding from 2020’s Challenges July 30, 2021 By L.S. Howard The first half financial results, reported by a group of six reinsurers over the past week, generally show a strong...
Insurance Industry Heading to Faster Recovery than After 2008 Financial Crisis: Swiss Re July 26, 2021 By Alwyn Scott The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the...
Zego, Supported by Swiss Re, Teams Up with bp to Insure Electric Vehicles in London July 19, 2021 Commercial motor insurer Zego, with support from Swiss Re, has teamed up with bp, an integrated energy company, to provide...
Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom July 16, 2021 By L.S. Howard Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines...
U.S. Heatwave ‘Virtually Impossible’ Without Climate Change, Scientists Say July 15, 2021 By Don Jergler An international group of 27 climate scientists have concluded that the recent heat wave in the Pacific Northwest was “virtually...
Milliman Offering Insurers a Simplified Flood Insurance Product Developed by Swiss Re July 15, 2021 Milliman Appleseed, the new advisory and rating organization of actuarial firm Milliman, is offering insurers a simplified product developed by...