Risk
Swiss Re’s Risk Radar
Swiss Re's annual SONAR report, published in early June, highlights 14 emerging risks that will impact different sectors of the insurance industry in different time frames. The accompanying chart ...
Department Store Blames Unresolved Business Interruption Claims for Causing Bankuptcy
Century 21 Stores, an iconic New York off-price department store chain, filed for bankruptcy with plans to shut down, becoming the latest victim of the retail industry carnage that's accelerated ...
Some Fear California’s Latest Wildfires Could Spark a Financial Crisis
Wildfires across the U.S. West are among the sparks from climate change that could ignite a U.S. financial crisis by damaging home values, state tourism and local government budgets, an advisory ...
Greenlight Re Triggers ‘Refresh’ of Operations With Executive Changes
Greenlight Capital Re made some major executive changes in what the company is dubbing a "refresh" of its operations. The Cayman Islands-based specialist property and casualty reinsurance company ...
Former AXIS Capital Exec Thomas to Become Hamilton Re’s Next CEO
Hamilton Re will turn to a veteran of AXIS Capital and AIG as its new chief executive officer. Megan Thomas is taking on the CEO slot, Hamilton Re parent Hamilton Insurance Group announced on Sept. ...
More Negative Rating Actions Coming for Reinsurers Over the Next Year: S&P
Despite the global reinsurance sector's "robust capital position" and "very high rate rises," which are expected to "carry on for the remainder of year, and continue for major renewals in 2021," ...
Schools Dogged by Unaddressed COVID-19 Insurance Liability Questions: A.M. Best
Questions about COVID-19-related insurance liability are dogging schools as they begin classes, and answers remain elusive, according to new commentary from A.M. Best. "Uncertainty about the plethora ...
Moody’s Downgrades Global Reinsurance Sector Outlook
Moody's downgraded its outlook for the global reinsurance sector to negative from stable, citing a challenging operating environment hampered by the coronavirus pandemic and its adverse impact on ...