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...
Canada Faces Mega-Hurricanes if Climate Change Pushes Storms North: Swiss Re Warns May 21, 2021 By Danielle Bochove Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada’s homeowners, businesses...
Swiss Re Scores Profit Despite COVID Death Claims, Catastrophe Losses May 3, 2021 By Andrew G. Simpson Swiss Re reported consolidated net income of USD 333 million in the first quarter of 2021, despite heightened losses in...
Climate Change Could Cut Global GDP by 18% by 2050 – If Nothing Is Done: Swiss Re April 22, 2021 If nothing is done to combat climate change, global temperatures could rise by 3.2°C within the next 30 years, shrinking...
Alaska Wary of ‘California Style’ Blackouts; Study Assesses Global Hailstorm Trends April 1, 2021 By Don Jergler Alaska could face “California-style” blackouts as climate change increases the state’s wildfire risk. That’s according to an article this week...