Reinsurance
AXIS Loses Money in Q4; CEO Benchimol Insists Insurer Is Improving
AXIS Capital Holding's 2019 fourth quarter was a money-loser, culminating a year hampered by Japan's typhoons and poor U.S. crop conditions, among other obstacles. Still, the company's results are ...
W.R. Berkley Sees Higher Premiums; Investment Results Ding Net Income
W.R. Berkley Corp. said its gross premiums written grew by more than 10 percent in the 2019 fourth quarter, thanks in part to accelerated rate increases. But net income dipped compared to the same ...
European Carriers May Need More Protection for Policyholders if Insolvency Happens: EU
Insurers in Europe may need to put aside money to protect their policyholders should they become insolvent, and regulators should be able to be shut them down swiftly without the need for taxpayer ...
Many Global Firms Face Heavy Coronavirus Costs, Due to Epidemic Cover Exclusions
Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions caused by a new coronavirus in China, with epidemics usually excluded from ...
Business Interruptions Spread Globally as Coronavirus Cases Grow
Facebook Inc. is restricting employee travel to China, while other big companies including and Nissan Motor Co. and Starbucks Corp. are taking measures to shield employees in areas hardest hit by a ...
Recent Cyber Attacks in Europe, Middle East Reportedly Connected to Turkey
Sweeping cyberattacks targeting governments and other organizations in Europe and the Middle East are believed to be the work of hackers acting in the interests of the Turkish government, three ...
Insurance Jobs Increase Even as Overall Hiring Momentum Starts Slowing
There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a survey showed on Monday, the latest suggestion that the ...
Australian Insurers Strong Enough to Handle Recent Bushfire Losses: A.M. Best
Australian insurers are well-capitalized and should be able to withstand losses from the 2019/2020 bushfire season, aided by strong capital positions and support from reinsurance partners, said AM ...