Reinsurance
South Africa’s State Insurer Will Raise Premiums to Address Riot-Related Reinsurance Costs
South Africa's only insurer covering political violence will increase its premiums to cover a rise in reinsurance costs following some of the worst unrest in decades, the head of the state-owned ...
Former Markel Exec Rivos Joins AXIS as Credit & Surety Senior Underwriter
A former Markel executive is joining AXIS Re in a leadership role. Alexander Rivos is AXIS Re's new senior underwriter for Credit & Surety. He will report directly to Camilo Rodriguez, Head of ...
Every insurer evaluating property risk today is running the same math: more perils, more models, more data sources, and not...
Rate Hikes, Lower COVID-19 Claims Leads to Higher H1 Profits for Europe Reinsurers: Moody’s
The four largest European based reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – reported sharply higher profits in the first half of 2021, compared with the same period in 2020 — as a ...
Near-Normal Tropical Storm Activity Predicted Through Sept. 1
Researchers from Colorado State University see near-normal tropical storm activity in the Atlantic Ocean, Caribbean and Gulf of Mexico through Sept. 1, according to a forecast update issued on ...
Boy Scouts Win Conditional Judicial Approval for Sex Abuse Bankruptcy Plan
The Boy Scouts of America has received a green light from a judge to proceed with its $850 million reorganization plan to exit bankruptcy and settle more than 80,000 claims brought by victims of ...
Willis Towers Watson Alleges Alliant Unlawfully Stole Employees, Trade Secrets and Clients
Insurance brokerage competitors Willis Towers Watson and Alliant Insurance Services are battling in court over what Willis alleges is a conspiracy by Alliant to steal its employees, trade secrets and ...
Tokio Marine’s Singapore Subsidiary Struck by Cyber Attack
Tokio Marine Insurance Singapore Ltd. (TMiS), a subsidiary of Tokio Marine Group, announced it was hit by a ransomware cyber attack. Upon a detection of the attack, TMiS immediately took necessary ...
Executives On The Move at AXIS Insurance and Africa Specialty Risks
AXIS Insurance made three new appointments within its U.S. Excess and Surplus Property team, including a former Chubb executive. Africa Specialty Risks, the pan-African focused reinsurance group, ...