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...
Germany’s Getsafe Raises $30M from Swiss Re and Others; Eyes Becoming Full Carrier December 9, 2020 By Mark Hollmer Digital MGA Getsafe disclosed $30 million in new financing led by new investor Swiss Re. The Heidelberg, Germany-based InsurTech said...
How to Address the Next Uninsurable Pandemic — A Black Swan Event December 9, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout...
Swiss Re Confirms Financial Targets Despite Pandemic November 20, 2020 Reinsurance company Swiss Re said it was committed to a stable or increasing dividend as it confirmed its financial targets...
Swiss Re Names Kitsikis as Head of Client Markets P&C for Canada, English Caribbean November 17, 2020 Swiss Re announced the appointment of Agis Kitsikis as head of Client Markets P&C for Canada and English Caribbean, effective...
Swiss Re and Daimler Launch Jointly Owned MGA to Offer Auto, Mobility Insurance October 12, 2020 Swiss Re and Daimler Insurance Services have entered into a strategic partnership for automotive and mobility insurance and launched a...