Reinsurance
Expect $2-$3B In Annual Industry Losses From Japan Quakes: KCC
For insurers and reinsurers, the 1995 Kobe earthquake produced $3 billion in insured property losses, but a repeat of a more devastating quake that happened 72 years earlier could bring $225 billion ...
Carriers Experienced Costliest Two-Year Period Ever for Cat Losses: Aon
Global insured losses stemming from major wildfires, tropical cyclones and severe thunderstorms reached $90 billion in 2018, close to 50 percent higher than the annual average between 2000 and 2017, ...
Puerto Rico, U.S. Virgin Islands, Florida Coast at Risk From Hurricane Dorian
Tropical Storm Dorian has been upgraded to a hurricane as it heads toward Puerto Rico with torrential rains. It's expected to gain strength and become the first major hurricane to hit Florida's east ...
Tropical Storm Dorian Could Reach Hurricane Strength Before Reaching Puerto Rico
Tropical Storm Dorian is expected to strengthen, potentially approaching hurricane status by the time it gets to Puerto Rico Wednesday, but it won't pack the same punch as other storms in recent ...
Hamilton CEO Albo: Focus Is on Realizing Potential of Pembroke/Ironshore Europe DAC Acquisitions
A week after Hamilton Insurance Group closed its acquisition of Liberty Mutual's Pembroke Management Agency at Lloyd's and its Ironshore Europe DAC business, the Bermuda-based specialty insurer and ...
Tropical Storm Dorian Is Gaining Strength as Second System Starts Forming
Tropical Storm Dorian is gaining strength as it lumbers toward the Caribbean island of Barbados, potentially approaching hurricane strength by Tuesday. A second system is forming in the waters off ...
UK PM Johnson Heightens Campaign to Reopen Brexit Negotiations
U.K. Prime Minister Boris Johnson on Sunday stepped up his campaign to convince the European Union to reopen Brexit negotiations, using the Group of Seven summit in France to test the bloc's united ...
Can InsurTechs Follow Uber’s Path? There May Be Pitfalls
Uber Technologies Inc. announced its first quarterly results as a public company with an operating loss of over $5 billion in the quarter. The company is emblematic of the growth-at-all-costs model ...