Reinsurance
U.S. Flood Risk Remains Poorly Understood, Plus 4 Other Lessons From Hurricanes Harvey and Irma
US flood risk is firmly under the spotlight as re/insurers, businesses and public officials come to terms with the devastating impact of hurricanes Harvey and Irma. The re/insurance industry will be ...
Weakening Typhoon Lan Kills at Least Four in Japan, Causes Landslides and Flooding
A rapidly weakening typhoon Lan made landfall in Japan on Monday, setting off landslides and flooding that prompted evacuation orders for tens of thousands of people, but then headed out to sea after ...
AXIS Brings on Swiss Re’s Arora as New Reinsurance CEO
AXIS Capital Holdings Ltd. hired on veteran Swiss Re executive Steve Arora as the new chief executive officer of AXIS Re. Arora spent 18 years in a variety of senior positions at Swiss Re, most ...
Executives On The Move at Chubb, CNA and The Hartford
Chubb appointed three executives focused on various aspects of government lobbying. CNA named an executive to a new underwriting position within its Commercial unit. The Hartford has two new board ...
Lloyds, RMS Say After-the-Fact ‘What Ifs’ Can Help Insurers Prepare for Future Catastrophe Risks
What if history had a different outcome? Lloyd's of London and RMS say that exploring that idea for major catastrophe events (or near misses) of years past could actually help insurers better analyze ...
Insurance Innovation Is (So Far) More Harmonious, Less Disruptive Than Expected
There is no shortage of commentators claiming that the rise of InsurTech will transform traditional insurance beyond recognition. It's time, then, to distinguish between hype and the real changes ...
Swiss Re Sustains $3.6B Hit From U.S. Hurricanes and Mexico Quakes
Swiss Re, the world's second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States and from two earthquakes in Mexico at roughly $3.6 billion in ...
Q3 Catastrophes Haven’t Turned Investors Away From ILS Market: Willis Towers Watson
ILS investors are responding to the recent spate of natural disasters by making their payments to ceding companies, while continuing to raise more money and preparing to make new investments, ...