Reinsurance
New Partnerships Target Claims Experience, Climate Resilience and Auto Risk Assessment
One partnership will focus on boosting the claims experience for insurers and policyholders. Another looks to promote climate resilience and target social inequities. A third help insurance companies ...
Hurricane Ida, Europe Floods Will Ding Q3 Results for RenaissanceRe, Arch Capital
RenaissanceRe Holdings Ltd. estimated losses from certain catastrophe events will have a net negative impact of approximately $725 million on the company's third quarter 2021 results. This estimate ...
To Some InsurTech Insiders, Chubb CEO Greenberg’s ‘Hype’ Label Misses Their Larger Purpose
Chubb CEO Evan Greenberg's recent comments poo-pooing InsurTechs' boasts of their powers of disruption and transformation drew polite and measured response from startup investors, advocates and ...
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 ...