Reinsurance
Munich Re’s Venture Arm Raises $500M for New Fund Focused on InsurTech, Cybersecurity, Other Sectors
Munich Re Ventures, the venture capital arm of Munich Re Group, has closed its new $500 million investment fund, with plans to focus, in part, on InsurTech and cybersecurity. The new financing arm, ...
Executives On The Move at Arch Insurance, TigerRisk and Willis Towers Watson
Arch Insurance International appointed a new Chief Risk Officer. TigerRisk Partners LLC hired an outside executive to head up the company's Managing General Agents business. Willis Towers Watson is ...
Executives On The Move at Preferred Mutual, Munich Re and AXA XL
Preferred Mutual Insurance Company named a new president/CEO and chief operating officer. Munich Re's Digital Partners appointed a new President for its North America region. AXA XL Insurance has ...
Tokyo Struck by Strongest Earthquake Since 2011; Injuries Reported
A magnitude 5.9 earthquake struck near Tokyo late Thursday, rattling parts of the capital the most since the March 2011 disaster. Few train services remained disrupted the next morning, while some ...
Nobel Laureate Argues Central Banks Lack Tools to Fight Climate Change
Central banks are at risk of over-promising on how they can respond to the challenges posed by climate change, a Nobel economics laureate whose work questions how well economic models cope with ...
Passing The Baton: CEOs Fox at TigerRisk and Kalin at Pinnacol
Earlier this week, global insurance and reinsurance broker TigerRisk announced that Co-Founder Rod Fox is transitioning out of his role as chief executive officer to become executive chair. ...
Gallagher Deal to Buy Willis Re Faces UK Govt. Probe
The UK's Competition and Markets Authority (CMA) said today that it is investigating the anticipated acquisition of the Treaty Reinsurance business of Willis Towers Watson by Arthur J. Gallagher ...
Climate Change Impact: 40% Chance of ‘100-Year Storms’ Over 20-Year Span
While events like Hurricane Ida and a Texas winter freeze demonstrate wide-reaching impacts of climate change to all but ardent deniers, even insurers and reinsurers may not fully appreciate all the ...