Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re March 30, 2021 By L.S. Howard Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according...
Swiss Re Announces Net-Zero Climate Targets in Underwriting, Investments March 16, 2021 Swiss Re announced new measures to support the transition to a net-zero economy by 2050, which encompass re/insurance underwriting, asset...
Insurers Face Disputes with Their Reinsurers over UK COVID-19 Business Income Claims March 11, 2021 By Carolyn Cohn and Kirstin Ridley Top insurance companies, ordered by Britain’s highest court to pay thousands of small businesses millions of pounds in claims for...
Swiss Re Forms Strategic Partnership with Satellite Operator and Flood Monitor, ICEYE March 8, 2021 Swiss Re has entered into a strategic partnership with ICEYE, a commercial satellite operator and satellite-based flood monitoring provider. Building...
Swiss Re Reports Larger-Than-Expected Annual Loss of US$878 Million February 19, 2021 Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to...
As Insurers Exit Coal Underwriting, They May Find It’s Good for Stock Valuations February 2, 2021 By Tim Quinson As far as climate groups like the Sunrise Project are concerned, getting insurers out of the coal underwriting business is...
If Tokyo Olympics Canceled, Loss for Insurers Would Be ‘Mind-Blowingly’ Big January 27, 2021 By Noor Zainab Hussain and Carolyn Cohn LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the...
Report: Despite Pandemic-Driven Emission Redux, We’re Headed to 3-Degrees Warming December 17, 2020 By Don Jergler A new report finds that despite a brief dip in carbon dioxide emissions caused by the pandemic, the world is...
Global Natural and Manmade Disasters Cost Insurers US$83B in 2020: Swiss Re December 16, 2020 Insurance industry losses from natural catastrophes and man-made disasters across the globe amounted to US$83 billion in 2020, making it...
Why World Bank’s Controversial Pandemic Bonds Didn’t Function as Hoped December 10, 2020 By Tracy Alloway and Tasos Vossos In late January 2015, just after the deadliest outbreak of Ebola in history, then-World Bank President Jim Yong Kim stood...