Risk
AIG Europe Head Predicts Slower Rate Hikes in 2022
Insurance premium rates are likely to continue to climb in Europe, the Middle East and Africa in 2022, but probably at a slower clip, the chief executive of AIG Europe said at the Reuters Future of ...
Ransomware Threatens ‘American Way of Life,’ U.S. Official Warns
A top U.S. cybersecurity official offered a dire warning to members of Congress on Wednesday, saying the "American way of life" faces serious risks amid the drumbeat of ransomware attacks and ...
AIG Produces Substantial Q3 Premium, Net Income Gains
American International Group's General Insurance, or property/casualty business, saw double-digit premium growth and substantially higher net income in Q3 along with lower catastrophe losses. AIG ...
Liberty Mutual’s Q3 Net Income Jumps Even as Catastrophe Losses Climb
Liberty Mutual Holding Company's net income more than doubled in the 2021 third quarter compared to the same period a year, driven by rate hikes, investment gains and improved risk selection even as ...
Arch Rebrands New Purchase Watford Re as Somers Re, Implements New Reinsurance Strategy
Arch Capital Group Ltd., alongside private equity partners Warburg Pincus and Kelso & Co., announced that Watford Holdings Ltd. and Watford Re Ltd. have been renamed Somers Group Holdings Ltd. ...
Finnish Insurer Sampo Beat Expectations With Big Profit Jump
Finnish insurer Sampo on Wednesday beat expectations with a 30% jump in quarterly core earnings, aided by a strong performance from its main subsidiary If and gains from selling a stake in Finnish ...
InsurTech Startup Using Machine Learning for Claims Monitoring Raises $30M
InsurTech startup owl.co Labs, Inc. raised $30 million in new venture capital. Many plans are in play to spend the cash infusion, including hiring, and accelerated growth plans for the company's ...
Insurers, Banks, Investors Worth a Combined $130 Trillion Pledge to Prioritize Limiting Climate Change
Banks, insurers and investors with around $130 trillion or 40% of the world's capital at their disposal pledged on Wednesday to put limiting climate change at the center of their work. An ...