Markets
Social Media a Key Driver of Political Risk in Emerging Markets: WTW
New technology such as social media has become a key driver of political risk in emerging markets, according to Willis Towers Watson's Political Risk Index Winter Update. The report notes that ...
U.S. Tornadoes Have Pushed Insurers’ Weather Claims Above $105B for 2021
Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry's 2021 bill for weather-related claims well above the predicted $105 billion, industry ...
Florida’s Citizens Seeks Maximum Rate Hike for Homeowners
The board of governors for Citizens Property Insurance Corp., Florida's state-backed insurer of last resort, wants the maximum allowed rate increased – 11 percent for next year and 12 percent for ...
FWD Group Cancels U.S. IPO Plan, Pivots to Hong Kong Instead
FWD Group Ltd., the Hong Kong-based insurer backed by billionaire Richard Li, withdrew its U.S. initial public offering as China tightens its grip on overseas listings. The company said in a filing ...
Record Rainfall, Floods Across Globe Generated Billions in Economic Damages in November: Aon
November was a wet month in many countries across the globe, with heavy rains and flooding causing billions of dollars of economic losses, according to Aon's monthly Global Catastrophe Recap report, ...
Financial Council Warns Climate Change, Stablecoins Are Systemic Risks
Climate change, the rapid growth of "stablecoins" and financial innovations that led to frenzied trading of GameStop Corp shares early this year are threats to the U.S. financial system that merit ...
Chubb Beefs Up North America Commercial P/C Leadership With Two New Appointments
Chubb made two new appointments designed to bolster the leadership of its North America commercial property and casualty businesses. Seth Gillston, Chubb's current Private Equity and Real Estate ...
Everest Re CEO Andrade Wins Vote of Confidence and Contract Extension
Everest Re Group President and CEO Juan Andrade just got a big vote of confidence from his company's board of directors. Andrade's contract at the Bermuda-based insurer and reinsurer has been ...