Risk
Nepal Quake Kills Thousands; Hopes For Finding Survivors Fade
Hopes for finding survivors trapped under rubble began to fade 48 hours after Nepal's worst earthquake in decades even as rescuers ferried scores of climbers trapped on Mount Everest to safety. ...
Catastrophe Losses Dented Chubb’s Q1 Net Income
Severe U.S. winter weather left Chubb Corp. with higher catastrophe expenses in its 2015 first quarter, a major factor that dampened net income. But CEO John Finnegan framed the overall results as ...
Munich Re’s Hartford Steam Boiler Invests in ‘Internet of Things’ Tech Startup
Munich Re's Hartford Steam Boiler made a seed stage investment in Waygum, a technology startup focused on building a mobile app platform for the Industrial Internet of Things. HSB isn't disclosing ...
AIG Expands in Bulgaria With Debut of New Support Center
American International Group continued its expansion in Central Europe with the opening of a new support facility in Bulgaria. The new Shared Services Center is designed to support AIG's insurance ...
Beating the M&A Trend, Aspen is Thriving (So Far) On Its Own
As consolidation in the reinsurance industry accelerates, Aspen Insurance Holdings Ltd. offers a study in contrasts. The Bermuda-based insurer and reinsurer fought off an aggressive takeover bid ...
Swiss Re Exec Reports: There’s a Perfect Storm Brewing
There's an irony in the term "perfect storm" that insurers understand better than anyone. Not only do we help policyholders recover from them, but we may be in for one of our own. Like shifting winds ...
Swiss Re, IBM, to Team on Corporate Cyber Risk Protection
Swiss Re is linking up with IBM in a bid to address demand for better corporate cyber risk protection. Neither side is disclosing financial details. Specifically, the partnership is between the Swiss ...
Bird Flu Could be ‘Catastrophe’ For Turkey and Egg Industries
Deadly bird flu swelled in the poultry industry in Minnesota and neighboring Wisconsin amid speculation that winds may be carrying virus particles into facilities housing turkeys and chickens. "This ...