Reinsurance
Global Average Annual Disaster Losses Could Surpass $200B in 10 Years: AIR Worldwide
The global insurance industry can currently expect a long-run annual average loss of $106 billion and a greater than a 40 percent chance of experiencing an annual loss of more than $200 billion in ...
Proposed Global Minimum Tax Could Lead to Double Assessment for Some Insurers: AM Best
Given the accounting differences for global insurance companies in different jurisdictions, a new global minimum tax on certain multinational companies creates the potential for double taxation for ...
W.R. Berkley Produced Average Q3 Rate Hikes Above 10 percent, Except for Workers Comp
W.R. Berkley Corp reported a nearly 24 percent increase in net premiums written during the 2021 third quarter. As well, average rate increases surpassed 10 percent for nearly every line except ...
New Russian Cyber Attack Targeted Hundreds of U.S. Networks: Microsoft
The Russian-based agency behind last year's massive SolarWinds cyberattack has targeted hundreds more companies and organizations in its latest wave of attacks on U.S.-based computer systems, ...
Another Try? EXOR Reportedly Talking to Covea Again About Selling PartnerRe
Exor, the holding company of Italy's Agnelli family, has restarted talks with French insurer Covea over a possible sale of reinsurer PartnerRe, Il Sole 24 Ore reported on Saturday, after the deal was ...
At ITC Vegas 2021: Elation, Hugs and Handshakes After Two Long Years
After a year-and-a-half of mostly conducting business by way of Zoom calls, webinars and an endless flow of digital notifications, insurance professionals and entrepreneurs were eager to see one ...
Guy Carpenter Will Provide InsurTech Services to Carriers, MGAs Through New ‘Center of Excellence’
Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the launch of the Guy Carpenter Insurtech Center of Excellence (COE) to provide comprehensive services to ...
15% Global Minimum Tax Will Diminish Bermuda’s Advantage for Insurers, Reinsurers: Fitch
Bermuda's advantageous tax status for the insurers and reinsurers will be reduced at the margin with the expected passage of the recent multilateral agreement to establish a 15% global minimum tax ...