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...
Eight Leading Insurers and Reinsurers Launch Net-Zero Climate Alliance July 12, 2021 Eight of the world’s leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition...
Swiss Re Sells Half Its Stake in Phoenix Group for $608 Million June 23, 2021 Swiss Re announced the sell of a 6.6% stake in Phoenix Group Holdings plc for £437 million ($608 million). After...
8 Reinsurers Provide $897M Cover for Lloyd’s Central Fund with Aon as Placing Broker June 21, 2021 Lloyd’s announced the marketplace has secured a five-year £650 million ($897 million) reinsurance cover for its Central Fund—a move that...
Major Reinsurers Look to Exclude Coal from Treaty Policies, as Climate Pressure Grows June 17, 2021 By Carolyn Cohn and Simon Jessop Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to meet global...
COVID Crisis Cuts Global Macro Resilience, Raises Insurance Protection Gap: Swiss Re June 16, 2021 By L.S. Howard The COVID-19 crisis reduced overall global macro resilience – or the ability of societies to absorb shocks – by 18%...
Failure of Many ‘Zombie’ Companies Likely to Keep Insurance Rates Rising: Swiss Re June 8, 2021 By Alwyn Scott The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy...