Global Economy
London Market Risks Casualty Reserve Shortfall: PwC
There is a real risk that casualty reserves for business written in 2015 will run off at a loss in the future, according to PwC's London insurance/reinsurance market review of reserve adequacy. PwC ...
Rio Olympics Proceeds Despite Health Risk Reservations
Should the Olympics proceed in Rio de Janeiro in August as planned? With the lighting of the torch set to take place in less than three months, a handful of medical experts are calling for the games ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Chubb Risk Watch: U.S. Chemical Firms Pursuing Global Expansion
One major commercial risk the P/C insurance industry is wary about in the months ahead involves U.S. chemical firms expanding abroad. A new Chubb advisory warns they face potential challenges ...
China’s Ping An Insurance Joins Global Blockchain Consortium
China's second-biggest insurance company, Ping An Group, has become the first Chinese member of a global consortium led by fintech firm R3 that is working on ways blockchain technology can be used in ...
The Real Story Behind Bermuda Insurers’ Premium Jump
At first glance, Bermudian re/insurance companies appeared to start the year with a bang, reporting a 21 percent increase in consolidated gross premiums written (GPW), according to a new report ...
Swiss Re, Munich Re Helped Shape World Bank’s New $500M Pandemic Risk Fund
Munich Re, Swiss Re and catastrophe modeling firm AIR Worldwide collaborated on the recent World Bank launch of a $500 million insurance fund designed to help protect poor countries from pandemic ...
La Niña May Be Coming, Along With Higher Atlantic Hurricane Risks
Think of it as Mother Nature's roller-coaster ride: the shift between the weather patterns known as El Nino and La Nina that, at their worst, can cause havoc worldwide. El Nino—spurred on by a ...
France’s AXA Will Divest its $2B in Tobacco Industry Assets
AXA SA, France's largest insurer, said it will stop investing in tobacco and divest all of its 1.8 billion euros ($2 billion) of assets in the industry. AXA will sell about 200 million euros of stock ...