Reinsurance
A Hardening P/C Insurance Market Has Accelerated and Gone Global: Chubb CEO Greenberg
It is becoming increasingly clear that a hardening property/casualty insurance market has accelerated and gone global after initial signs first materialized earlier in 2019, Chubb Chairman and CEO ...
Europe Braces For Second Historic Heatwave
Europe is facing a second heatwave this summer, just weeks after the hottest June on record, intensifying concern over climate change and the rise in extreme weather events. Swathes of northwest ...
Price Increases Boost Chubb’s Premiums but Net Income Dips Slightly
Chubb's saw its net income dip slightly and its P/C combined ratio nudge higher during the 2019 second quarter, but price increases led to solid premium gains. "This quarter was about growth and ...
New Zealand InsurTech Startup Cove Draws Investment From Greenlight Re
Greenlight Re Innovations (GRI), a subsidiary of specialist property and casualty re/insurer Greenlight Capital Re Ltd., announced it has made a strategic investment in Cove Ltd., a New Zealand-based ...
New UK PM Johnson Has 100 Days to Deliver Brexit
Incoming Prime Minister Boris Johnson has 100 days to deliver on his promise of leading the U.K. out of the European Union. The Brexit deal his predecessor struck with the bloc is "dead," "defunct" ...
Rate Hikes Drive Beazley’s H1 Earnings Significantly Higher
Lloyd's of London insurer Beazley Plc said on Tuesday its first-half earnings nearly tripled from last year, as it wrote more policies at higher rates and said it expects double-digit premium growth ...
China Opens Door to More Foreign Investment in Financial Sector
China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. Foreign investors ...
Brexit Can Be Postponed Again if Needed, Germany’s Merkel Says
German Chancellor Angela Merkel said the U.K. should be given more time to leave the European Union if it needs it, as she pointed to a way out of the Brexit impasse that falls far short of what the ...