Reinsurance
Executives On The Move at Ironshore, Capital Insurance and Willis Towers Watson
Liberty Mutual's Ironshore chose a new head of its professional and management liability division. Capital Insurance Group promoted one of its veteran executives to the position of senior vice ...
Opinion: States Unwise to Tackle Climate Change by Suing Big Oil
A growing number of cities and states want to turn climate change lawsuits against oil companies into the next tobacco or opioid litigation. In principle, that seems like a truly terrible idea. Such ...
Chubb CEO Greenberg: Insurer Has Reshaped Portfolio in Response to California Wildfires
Some insurers may be facing sizable risks stemming from the latest round of California wildfires now raging, but Chubb Chairman and CEO Evan Greenberg insists his company isn't one of them. "We do ...
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 ...