Global Economy
Swiss Re CFO Predicts Some Will View Outsider Reinsurance Takeovers as ‘Adventuresome’
Some takeovers in the reinsurance industry by investors from outside the sector may ultimately be viewed as "adventuresome," the chief financial officer of reinsurer Swiss Re said. The reinsurance ...
Underinsurance of Property Risks is Growing Globally: Swiss Re Report
The underinsurance of property risk – particularly natural catastrophe risks – has risen steadily over the past 40 years, even though claims payments have increased significantly during that ...
New Product Alert: XL Catlin, Aon Benfield, AIR Worldwide and More
XL Catlin recently unveiled new commercial crime insurance for the U.S. market. The policy is available on a primary, excess and quota share basis with policy limits up to $25 million. It includes ...
Reinsurers Gathered in Monte Carlo Doubt the Chances of 2016 Pricing Relief
The world's largest reinsurers and brokers see little relief in pricing in 2016 amid a relentless influx of alternative capital from pension funds and one of the past decade's quietest years for ...
Alibaba Invests $188M in Cathay Financial’s Insurance Division
Alibaba Group Holding Ltd.'s finance arm is strengthening its foothold in the insurance business with plans to invest about 1.2 billion yuan ($188 million) in a Chinese unit of Cathay Financial ...
Towers Watson Embraces the Cloud with $15M Canadian Tech Company Acquisition
Towers Watson will buy up a Canadian tech company for more than $15 million. The deal is designed to boost its insurance technology/cloud computing offerings for property/casualty carriers as well as ...
Cyber Risks Poised to Become a $20 Billion Market: Allianz
Cyber risk remains a rapidly increasing problem with wide-ranging economic impact and cost. A new Allianz report illustrates how bad the situation has become, costing the global economy $445 billion ...
Executives On The Move at Aspen Re, Starr, Verisk and The Hartford
We have executive hires to tell you about at Aspen Re, Starr Companies, The Hartford and Verisk: *** Aspen Re brought on an Axis Reinsurance veteran to be its new head of global property catastrophe. ...