Markets
AXA Investment Managers Broaden Deforestation Exclusions
AXA Investment Managers is expanding its palm oil investment strategy to exclude companies involved in major land use controversies or in causing biodiversity loss due to soy, cattle and timber, it ...
COVID Crisis Hurts Global Macro Resilience, Widens Insurance Protection Gap: Swiss Re
The COVID-19 crisis reduced overall global macro resilience – or the ability of societies to absorb shocks – by 18% in 2020 from 2019, according to a sigma report published by Swiss Re Institute. ...
Many Consumers Never Knew About Pandemic Auto Insurance Premium Givebacks: J.D. Power
During the COVID-19 pandemic, auto insurers voluntarily returned more than $18 billion in premiums to address the drastic reduction in driving. It turns out all that extra money didn't make consumers ...
For Insurers, Hedge Funds Prove to Be a Stable Investment Vehicle: A.M. Best
Hedge funds are proving to be steady investment vehicles for some insurers, particularly after financial market instabilities during the coronavirus pandemic, A.M. Best said in a new report. In fact, ...
Executives On The Move at Lockton Re and Guy Carpenter
Lockton Re hired an executive who will focus on Global Retrocession & Property Specialty, Bermuda and Market Capital. Guy Carpenter & Company appointed a new Head of UK & Ireland Motor ...
SCOTUS Revives LinkedIn Bid to Prevent Rival From Harvesting Personal Data
The U.S. Supreme Court on Monday gave Microsoft Corp's LinkedIn Corp another chance to try to stop rival hiQ Labs Inc from harvesting personal data from the professional networking platform's public ...
Climate Change Spurs Britain’s Biggest Investor to Drop AIG, Others From Some Funds
Legal & General Investment Management, Britain's biggest asset manager, said on Tuesday it would drop four companies from a number of its funds over their "insufficient" response to the challenge ...
Reinsurance Broker Acrisure Re Partners With Kovrr on New London-Based Cyber Division
Reinsurance broker Acrisure Re has launched a London-based cyber division in partnership with cyber risk modeler Kovrr. Headed by Cyber Practice Leader Tom Quy, the new division will offer the market ...