‘Game Changing’ Climate Disclosure Guidelines Coming Soon September 8, 2016 By Don Jergler A global task force’s efforts to create new disclosure guidelines for the world’s financial industry – including insurers in the...
Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Execs August 23, 2016 By Oliver Suess and Jan-Henrik Förster It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors...
Natural Catastrophes Drive Global Insured Losses to $31B in H1: Swiss Re’s Sigma August 18, 2016 Global insured losses from natural catastrophes and man-made disasters during the first half of 2016 reached US$31 billion, or 44...
Swiss Re Names Madzinga to Lead Reinsurance in Middle East and Africa August 12, 2016 Swiss Re announced the appointment of Tavaziva (“Tava”) Madzinga as its new reinsurance managing director & market executive for Middle...
Good Risk Management Is Just Good Business: Steel, Former CRO of AXIS Capital August 5, 2016 By L.S. Howard Companies originally created the role of the chief risk officer because they “recognized that good risk management is really good...
JLT Re Hires Woolstenhulme in Philadelphia August 4, 2016 JLT Re, a U.K. based reinsurance broking and consultancy provider, hired Micah Woolstenhulme in August as its Philadelphia, Pa., based...
Mutual Insurers Regain Some Global Market Share, but Threats Remain: Swiss Re August 3, 2016 Mutual insurance companies have gained back some of the global market share they lost due to demutualizations in recent years....
Swiss Re Q2 Profit Drops on Higher Natural Catastrophe Losses July 29, 2016 By Oliver Suess Swiss Re AG, the world’s biggest reinsurer, said profit fell in the second-quarter as the company paid more for catastrophe...
Kenyan Insurers Face New Capital Rules Which Could Lead to Market Shakeout July 15, 2016 By Bella Genga A push by Kenyan regulators to clean up the East African country’s insurance industry is poised to trigger stake sales...
Chinese Forced into Massive Debt to Pay for Vital Healthcare July 11, 2016 By Adam Jourdan and Ben Hirschler As China’s medical bills rise steeply, outpacing government insurance provision, patients and their families are increasingly turning to loans to...