Reinsurance
Insured Losses, Economic Damages Set New Records Over Last Decade: Aon
The past decade broke new records in terms of economic damages and insured losses, according to Aon's latest catastrophe report. The costs to global economies reached $2.98 trillion between 2010 and ...
Marsh Reports Demand Spike for Political Violence Cover in the Gulf
Marsh, one of the world's largest insurance brokers and risk advisers, has seen a spike in clients' enquiries for political violence cover in the Gulf after attacks on tankers and oil installations ...
U.S. Cyber Rates Rise as Insurers Try to Curb Ransomware Exposures
U.S. insurers are ramping up cyber-insurance rates by as much as 25 percent and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes ...
InsurTech CyberCube Calls on Carriers to Set Global Cybersecurity Standards
CyberCube, an InsurTech focused on cyber risk analytics, is calling on the insurance industry to set global cybersecurity standards as the world digitizes. "Internet-connected technologies is a prime ...
Executives On The Move at Hamilton Insurance Group, Everest Re and Willis Re
Hamilton Insurance Group appointed a head of Property Reinsurance for its new U.S. reinsurance platform. Everest Re hired Artur Klinger as Managing Director of its Continental Europe business, to ...
Claims Are Rising as Australia’s Bushfire Cleanup Process Begins
The New South Wales and Victorian state governments will coordinate the clean-up of insured and uninsured residential and commercial properties destroyed in the deadly wildfires. Under the plan, the ...
Insurers, France Lead Way on Scoring Investment Portfolios’ Impacts on Climate Change
Move over revenue growth and dividend payouts: it's time to take your portfolio's temperature. Policymakers are pushing investors to do more to ensure their portfolio choices help to meet the 2015 ...
U.S. P/C Insurers Enjoyed Underwriting, Surplus Gains in First 9 Months of 2019
The private U.S. property/casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019 from $4.7 billion a year earlier, bolstered by growth in ...