Reinsurance
As Insurance Demand Rises, Premiums Projected to Reach Record Levels: Swiss Re
Strong growth and record premiums are projected for the global insurance industry, as demand for risk protection increases, according to Swiss Re Institute's latest sigma study. The global insurance ...
Executives On The Move at AXIS, Willis Towers Watson and The Geneva Association
AXIS Capital Holdings appointed two executives to leadership positions within its ILS division. Willis Towers Watson a new Global Head of Broking and Broking Strategy. The Geneva Association chose a ...
Major European Reinsurers Report Strong 2021 Earnings to Date, Despite High Catastrophe Losses
All four major European reinsurers reported a strong improvement in earnings for the nine months, compared to the same period last year, according to a report from Fitch Ratings. Sharply lower ...
Insurers Plan to Boost Their Private Market Investments: BlackRock
Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds, ...
Hannover Re Sells Stake in Joint Venture to Refocus as Pure Reinsurer
Hannover Re is selling its 49.8% stake in the joint venture HDI Global Specialty SE to the majority shareholder HDI Global SE, effective Dec. 31, 2021. HDI Global SE will then hold 100% of the ...
Climate Change Puts Financial Heat on Insurers and Policyholders Alike
Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire. But after a wildfire swept through their Northern California town of ...
China’s Ping An Insurance Will Sell $2.1B Stake in Auto Services Portal
Financial conglomerate Ping An Insurance Group of China is seeking to offload its 44% stake in auto services portal Autohome , three people familiar with the situation told Reuters. Ping An, which is ...
AIG CEO Zaffino Urges Insurers to Plan for More Climate Change-Related Catastrophe Losses
AIG President and CEO Peter Zaffino urged the insurance industry to acknowledge that more frequent and severe catastrophe losses are likely here to stay, and plan accordingly. "We've never seen ...