Reinsurance
Insurers Challenged by ‘New Normal’ of Calif. Wildfires: A.M. Best
The 2019 California wildfire season has not been as active as the record-breaking 2017-2018 seasons, but A.M. Best warns that a "new normal" trend of severe wildfires continues to challenge insurers, ...
$110B: The Potential Cost of a Cyber Attack on Asia’s Ports
A cyber attack on Asian ports could cost as much as $110 billion, or half the total global loss from natural catastrophes in 2018, a Lloyd's of London-backed report said on Wednesday. Cyber insurance ...
Executives On The Move at Beazley, Ascot and Chisel AI
Beazley hired two new executives charged with beefing up its U.S. commercial insurance operations, and a third focused on medical professional liability risks. Ascot appointed two individuals who ...
Munich Re America’s Levy: ‘Stable’ Expectations for the Future Reinsurance Market
Reinsurers are getting higher rates, and there's continued pressure on ceding commissions. But demand for reinsurance cover should remain stable even as prices increase, according to Munich Re ...
Aon Moves Incorporation From Britain to Ireland Due to Brexit
Insurance broker Aon plans to move its parent company's jurisdiction of incorporation to Ireland from Britain due to Brexit, it said in a statement on Tuesday. New York-listed Aon will keep its ...
Everest Re’s Q3 Net Income Slammed by Hurricane Dorian, Typhoon Faxai
Hurricane Dorian and Typhoon Faxai chipped away at Everest Re Group's 2019 third-quarter net income, knocking it nearly in half from the previous year. The Bermuda-based insurer and reinsurer booked ...
Wildfires, Blackouts and Business Interruption in Today’s California
It was only expected to happen a couple times a year -- and just as a last resort. That's what utility giant PG&E Corp. originally said 13 months ago when it outlined plans to stage mass ...
This Time, Brexit Gets a ‘Flexible’ Delay
The European Union on Monday agreed a 3-month flexible delay to Britain's departure from the bloc as Prime Minister Boris Johnson pushes for an election after opponents forced him to request an ...