Reinsurance
The Latest Launches From Generali/GEICO and RMS
A division of Generali Group is using its cyber protection platform for GEICO Insurance Agency customers. Catastrophe modeler RMS said it has made major updates to its line of HWind forecasting ...
Companies Risk Substantial Loss of Annual Profit Due to Supply Chain Shocks
Companies risk losing more than 40% of annual profit once a decade in a world threatened by trade wars, cyber attacks, pandemics and climate change, according to McKinsey & Co., which estimates ...
Hurricane Isaias Insured Losses Will Surpass $4B: KCC
Hurricane Isaias likely caused $4 billion of insured losses in the U.S. and $200 million in the Caribbean, according to a new report from Karen Clark & Co. The estimates cover privately insured ...
Beirut Blast Marine Insurance Losses Likely Less Than $250M
Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port of Beirut were likely to total less than $250 million, reinsurance broker Guy ...
Executives On The Move at AXIS Re and Beazley
AXIS Re promoted an executive to a leadership role in North America. Specialist insurer Beazley appointed four new underwriters within its Chicago, Ill.-based cyber and executive risk ...
Updated: GEICO, Gen Re Are Bright Spots in Otherwise Tough Q2 for Buffett’s Berkshire Hathaway
Berkshire Hathaway Inc. had a tough second quarter with the pandemic taking a toll on most of its operating businesses including Precision Castparts aircraft parts, the BNSF railroad, Occidental ...
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 ...