Markets
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 ...
Baldwin & Lyons Leaders Resign in Protest After Power Struggle With Chairman
The CEO, CFO and deputy chairman of Baldwin & Lyons have all abruptly retired, and the property/casualty specialty insurer has retained an independent legal counsel to review issues the company ...
Chubb to Provide High-Net-Worth Personal Insurance Customers With Customizable Protection
Chubb has announced a partnership to provide specialized home protection services to high-net-worth personal insurance customers in the United States. The insurer is teaming up with ADT Security ...
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 ...
AIG, Prudential Won’t Need Bank Capital Rules: Fed Reserve Governor
U.S. insurers deemed big enough to threaten the financial system will probably face capital standards that are simpler and less costly than those imposed on Wall Street banks, Federal Reserve ...
The Latest Launches from XL Catlin, Guy Carpenter and Assurant
Guy Carpenter & Co. and a partner are coming up with a new cyber aggregation model. XL Catlin beefed up its professional liability coverage for small U.S. architectural and engineering firms. ...
Many Auto Insurance Websites Disappoint Consumers: J.D. Power
Auto Insurance executives may want to take a second look at their consumer websites. While overall customers are more satisfied with their experience shopping online for auto insurance, they are less ...