Global Economy
Aspen Insurance Revamps Exec Team with 2 New CEOs, Non-Exec Director
Aspen Insurance Holdings Ltd. announced it has made some major changes to its management team, including the appointment of a non-executive director, two chief executive officers and a chief ...
Cyber Security, Intergenerational Imbalances Among Swiss Re’s New Emerging Risks to Watch
Pandemic threats were once on the list of potential emerging risks facing the insurance industry and society. Now that this risk has materialized with the COVID-19 crisis, it is perhaps a good time ...
Insurers Distance Themselves From Controversial Australian Coal Mine Amid Global Backlash
Global insurance companies linked to Adani's Carmichael coal mine in Australia are distancing themselves from the controversial development, as pressure mounts on financial institutions to cut their ...
U.S. Carriers Beat Back Coronavirus Claims With Massive Cost Estimates
U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover. The industry has ...
Senate Republicans Draft Bill to Enable Broad Coronavirus Employer Liability Shield
Senate Republicans are drafting legislation that would let employers choose which government coronavirus safety guidelines to follow in order to be shielded from lawsuits if their customers or ...
Climate Change Appears Likely to Cause Extreme Waves, Coastal Damage
Climate change is expected to cause stronger storm winds that trigger more extreme waves and increase coastal damage in Australia, the Pacific and South America by the end of the century, new ...
Generali Looks at Strategic Options for Swiss Insurance Operations
Assicurazioni Generali SpA is exploring strategic options for its Swiss insurance operations, according to people familiar with the matter. The Italian company is working with advisers to study ...
COVID-19 Accelerates D&O Transformation Already Underway
Rates for the struggling Directors and Officers insurance market jumped by 44 percent in the 2020 first quarter. Expect that market hardening trend to continue for some time, with increases likely to ...