Reinsurance
Sompo International’s Okumura Will Become CEO in January 2020
Sompo International Holdings Ltd. has chosen a new CEO, promoting an inside executive to the position. The Bermuda-based specialty provider of property/casualty insurance and reinsurance said that ...
Insurers, Others Pressure Global Energy Watchdog Over Climate Change Fight
Fatih Birol, the head of the International Energy Agency (IEA), faced renewed pressure on Monday from investors and scientists concerned about climate change to overhaul the agency's projections for ...
Fire Tornadoes Becoming More Common in Australia, Thanks to Climate Change
Fire tornadoes are set to become a more common feature of the Australian landscape as climate change takes hold later this century. That's according to new research from the University of New South ...
Hamilton Insurance Places Acappella Syndicate Into Runoff
Hamilton Insurance Group Ltd. said it is placing Acappella Syndicate 2014 into runoff. Acappella is a third-party capital supported Lloyd's syndicate included in Hamilton's acquisition in August of ...
High Distribution Costs and How to Fix Them
The disruption currently taking place in insurance and reinsurance markets is at its most acute since the culmination of the financial crisis. Industry reserves, deteriorating earlier catastrophe ...
Leaders Succeed by Knowing Their Team Members’ Individual Strengths
Not every team at an organization succeeds in its mission. One strategy that can help: Leaders should be fully informed about team members' individual strengths. A recent posting at the Leadership ...
European Central Bank May Include Climate Change Risks in Future Bank Stress Tests
The European Central Bank is considering including climate-change risks in future European banking stress tests, ECB Vice President Luis De Guindos said on Thursday. Speaking at a BNP Paribas banking ...
Insurance Premiums Will Grow 3 Percent Despite Economic Slowdown: Swiss Re
Global insurance premiums will grow 3 percent on average over the next two years even with an emerging global economic slowdown, Swiss Re said in its latest sigma report. Rising loss costs will fuel ...