Reinsurance
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 ...
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 ...