Reinsurance
Too Many Hurricanes, Not Enough Names: Experts Up Atlantic Forecasts
Already smashing records, this year's hyperactive Atlantic hurricane season is about to get even nastier, forecasters predict. In the coming months, they expect to run out of traditional hurricane ...
Australia Commits $1.2B to Private Sector Cybersecurity After Attacks Spike
Australia will spend A$1.66 billion ($1.19 billion) over the next 10 years to strengthen the cyber defenses of companies and households after a rise in cyber attacks, Prime Minister Scott Morrison ...
Third Point Re, Sirius to Merge in $788M Deal
Third Point Reinsurance and Sirius International Insurance Group, a global multi-line insurer and reinsurer, have agreed to merge in a cash and stock transaction worth $788 million. The new company ...
Munich Re’s July Renewals Rise, Q2 Net Profit Drops 42 Percent
German reinsurance group Munich Re posted a 42% decline in second-quarter net profit, with around 700 million euros ($832 million) in losses related to the coronavirus pandemic in the period. The ...
AXA CEO Expresses Confidence in XL Biz After Coronavirus-Related Losses
The CEO of AXA on Thursday expressed confidence in the French insurer's company-focused XL Group after the business reported a loss in the first half following a spike in COVID-19-related claims. AXA ...
Not Every InsurTech Is a Startup: How Swiss Re Delivers Tech Solutions
It's not just InsurTech startups that have an edge on innovation. Some established reinsurers have developed their own analytics and technology divisions that offer a variety of InsurTech-type ...
Executives On The Move at Hiscox Re, Hamilton Re and AXA XL
The CEO of Hiscox Re & ILS is leaving the company to pursue interests outside of insurance. Hamilton Re has appointed an interim CEO. AXA XL presented a new leadership team for the Americas.
AIG President Zaffino: COVID-19 Creating ‘Flight to Quality’
AIG President and Chief Operating Officer Peter Zaffino said that the insurer has seen accelerated rate improvements and other gains as clients react to the ongoing COVID-19 pandemic. "We believe ...
Covea Investment Helps Normalize Exor Relationship After It Abandoned PartnerRe Acquisition
Italy's Exor said on Monday that French insurer Covea had agreed to invest a total of 1.5 billion euros ($1.8 billion), partly in entities managed by PartnerRE, after walking away from a deal to buy ...