Risk
Colin Moves to East Coast as Pacific Tropical Storm Depression Gains Strength
Tropical Storm Colin moved out to sea early Tuesday after knocking out power to thousands, prompting Florida Governor Rick Scott to declare a state of emergency. The threat of a storm surge flooding ...
$1.1B in German Flood Claims is Double Initial Estimates: Fitch
Insurers will face higher-than-expected claims related to floods in Germany, according to Fitch Ratings, dealing another blow to an industry squeezed by low interest rates and decreasing prices for ...
Tropical Storm Colin Hits Florida, Threatens Flooding Across U.S. Southeast
Tropical Storm Colin was moving across northern Florida early Tuesday as it knocked out power to thousands, prompted Governor Rick Scott to declare a state of emergency and threatened flooding across ...
XL Catlin Relies on AIG Vet to Lead New Global Structured Risk Team
A former AIG executive who joined XL Catlin a year ago will lead the insurer's new team focused on global alternative risk transfer and novel kinds of commercial insurance coverage. Rob Turner, ...
The Latest Launches from Swiss Re, Aon Benfield and XL Catlin
XL Catlin and A.J. Gallagher are now marketing lifestyle insurance coverage for New York City art collectors. Swiss Re expanded its cyber risk offerings in the U.M. Impact Forecasting debuted a new ...
French Insurers Assess Damage from Record Floods
Insurance executives meet with government officials in Paris Monday to assess the cost of flooding in the Centre and Ile-de-France regions as the Seine river recedes from its highest levels in more ...
Reinsurance Demand Spike Likely with Solvency II: Fitch Ratings
Solvency II will increase insurers' demand for reinsurance products as they seek to strengthen their capital positions via risk transfer, according to a report published by Fitch Ratings. Reinsurance ...
XL Group CEO McGavick Urges Caution Toward Fossil Fuel Divestment Pressures
XL Group CEO Mike McGavick is standing firm against the push for insurers to divest from fossil fuel. He's urging caution, even as those efforts continue. "I hope we're really thoughtful about the ...