Reinsurance
Qatar Re CEO Saacke to Step Down in March; Interim Leader Named
Qatar Re said that CEO and Executive Director Gunther Saacke would be stepping down from both roles in March, at the company's next board meeting. He'll stay on for the transition and depart later in ...
Regulators Clear California Utility of 2017 Wildfire Liability
As PG&E Corp. barreled toward bankruptcy last week, just one analyst kept a "buy" rating on the shares, largely on valuation. On Thursday, the stock surged by the most ever, rising 75 percent to ...
Corporate America Already Planning for Climate Change Challenges, Business Interruption Risks
Bank of America Corp. worries flooded homeowners will default on their mortgages. The Walt Disney Co. is concerned its theme parks will get too hot for vacationers, while AT&T Inc. fears ...
White House Is Major 2019 Geopolitical Risk: I.I.I. Joint Industry Forum
As insurers track both old and new risks heading into 2019, here's one that carriers don't typically consider: The White House. David Wessel, director of The Hutchins Center on Fiscal and Monetary ...
Travelers Seeking Higher Premiums in California After Two Years of Fire Losses
California's deadly wildfires are raising the specter of higher insurance premiums for homeowners in the state. After "two significant years in a row of losses, I think the discussion and the debate ...
2018 Catastrophe Losses Faced 60 Percent Protection Gap: Aon
Economic costs of 2018's 394 natural catastrophe events came to $225 billion with insurance covering $90 billion of the overall total. The results reflect the fourth costliest year on record of ...
Two Markel CATCo Execs Depart After Discovery of ‘Undisclosed Personal Relationship’
Markel Corp. said two executives from one of its divisions have departed after an ongoing internal review discovered an "undisclosed personal relationship" between them that violated company ...
UK PM May Targets EU Concessions in Push to Break Brexit Deadlock
British Prime Minister Theresa May will try to break the deadlock over her Brexit plans on Monday by setting out proposals in parliament that are expected to focus on winning more concessions from ...