Reinsurance
Cash-Starved California Utility Won’t Commit to Paying 2015 Fire Victim Settlements
PG&E Corp. is so cash-starved that it won't commit to paying settlements reached with people who lost their homes in a 2015 wildfire caused by a tree falling on a power line. The disclosure by a ...
Guy Carpenter Appoints Post-JLT Merger Executives, Forms New Division
Reinsurance broker Guy Carpenter & Co. has formed a new division and made a series of executive appointments effective after parent company Marsh & McLennan Cos. closes its acquisition of ...
Gen. McChrystal at the I.I.I. Joint Industry Forum: Good Leaders Are Gardeners
Gen. Stanley McChrystal said a leader should be a gardener. That isn't necessarily something you'd expect to hear from McChrystal, a retired United States Army four-star general, and former commander ...
Germany, China Cooperating to Ease Market Access for Insurers, Banks
Germany and China are working on ways to improve market access for each other's banks and insurers, the German finance minister said on Thursday, and he welcomed plans by China and the United States ...
Executives On The Move at AXIS Capital Holdings and BHSI
AXIS Capital Holdings is hiring a former Chubb executive as its new chief information officer. Berkshire Hathaway Specialty Insurance named the head of its new Property Construction division in the ...
Multiple Smaller Natural Disasters in 2018 Created ‘Unusual’ Insured Loss Picture: Willis
Insured loss estimates from major natural catastrophes in 2018 totaled roughly $71.5 billion, the highest since 2011's annual market losses of $120 billion, according to Willis Re. However, the ...
Failure to Reduce Climate Change Is Among Top Global Risks: WEF
The risk that global efforts to tackle climate change will fail has risen despite concerns about powerful storms, floods, and droughts, a survey released by the World Economic Forum said on ...
Companies Fear Business Interruption and Cyber Attacks the Most: Allianz Risk Ranking
Business interruption and cyber incidents remain the top two business risks, but other challenges such as tariffs and Brexit are gaining ground, according to the 2019 Allianz Risk Barometer. ...