Reinsurance
Insurers Puzzle Over Risks Shipping Industry Faces With New Pollution Rules
Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks. To reduce emissions of toxic sulfur that cause premature deaths, shipowners who ...
Neptune Flood’s Growth Plans Leave Chairman, CEO Swapping Titles
Neptune Flood's two top leaders are switching their positions, a move designed to help prepare the InsurTech startup for its next phase of growth. Founder and CEO Jim Albert will become chairman, and ...
Executives On The Move at AXA XL, AXIS and Clyde & Co.
AXA XL hired two new senior underwriters for its Environmental insurance team in New York. AXIS Capital Holdings Ltd. appointed a former insurance commissioner to its Board of Directors. Insurance ...
China Increases Likelihood It Will Retain Control of Financial Institutions
China's finance ministry said on Wednesday it will make it harder for ownership changes to be made to financial institutions that could lead to the government relinquishing control, in a bid to ...
Record Venice Floods Top November Catastrophe Losses
Flooding and inland storms led to multi-billion-dollar economic loss in western and southern Europe during November, according to insurance broker Aon's latest edition of its monthly Global ...
Airlines Prepare for Heightened, Climate Change-Related Weather Risks
Extreme weather is no longer exceptional, and that's forcing changes at some of the world's most diligent storm trackers: airlines. Weather delays in the U.S. have been trending higher the past four ...
Digital Platform Operator Wefox Raised $235M This Year for Global Expansion
German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to ...
Longtime EMC Insurance Leader Kelley Plans to Retire in March 2020
Bruce Kelley, EMC Insurance's longtime president and CEO, and a great-grandson of its founder, plans to retire in March 2020. "I have been honored to lead the company that was founded by my great ...