Markets
Natural Disaster-Related Losses Reach 13-Year Low in H1: Munich Re
Overall losses from storms, flooding and earthquakes almost halved in the first six months of 2018 to $33 billion, the lowest figure in 13 years, reinsurer Munich Re said on Wednesday. Insurers paid ...
When Disaster Strikes, Sustainable Insurance and Reinsurance Industry Vital in Uncertain World: Swiss Re’s Ojeisekhoba
Following Hurricane Katrina in 2005, former U.S. Vice President Al Gore described it as "the first taste of a bitter cup that will be proffered to us over and over again." That devastating event ...
African Dust Leads to Atlantic Storm Lull
What can give you itchy eyes, replenish the rain forest and bring a hurricane to its knees? Dry and dusty African air. The coffee-colored atmospheric swirl, captured by satellites last week, blew ...
China’s Anbang Insurance Is Exploring Its First European Divestment
Anbang Insurance Group Co. is exploring a sale of Belgian insurer Fidea, people with knowledge of the matter said, in what would be the troubled Chinese insurer's first European divestment since it ...
Volkswagen’s $10B Diesel Settlement Upheld by U.S. Appeals Court
A federal appeals court on Monday upheld Volkswagen's $10.03 billion settlement with the owners of nearly 500,000 polluting diesel vehicles announced in 2016. The three-judge panel of the U.S. 9th ...
Ignore the Naysayers: Blockchain’s Potential Touches Every Aspect of Insurance
Every emerging technology has its naysayers, who can be very accomplished in their field and still end up being wrong. For example, columnist and economist Paul Krugman once opined on the Internet's ...
The Latest Launches From Ironshore and Travelers
Liberty Mutual-owned Ironshore now has an energy equipment facility that offers property and inland marine insurance for on-shore middle-market business classes in the United States. Travelers' ...
Carriers Writing U.S. Cyber Insurance Soared to 170 in 2017: Aon
The number of U.S. insurers providing cyber insurance keeps growing rapidly along with the ever-increasing amount of cyber attacks. As of 2017, 170 U.S. insurers reported writing cyber insurance, up ...