Reinsurance
Travelers Makes ‘Strategic Minority Investment’ in Fidelis Insurance Holdings
The Travelers Companies said it has made a "strategic minority investment" in Fidelis Insurance Holdings, a privately-owned global specialty insurer and reinsurer. Neither side disclosed financial ...
Executives On The Move at Chubb and AXIS
Chubb's Westchester division promoted an executive to a new role. AXIS Re appointed an executive to a leadership role within its AXIS Re Strategic Partners division.
Europe, U.S. and Canada Slammed by Record Weather Catastrophes in June: Aon
June 2021 left Europe with its costliest severe storm period on record. Meanwhile, over in the U.S. in Canada, record-setting heatwaves caused significant damage, according to Aon's latest natural ...
Allianz Investment Arm Plans to Slash Investment in Some Coal Businesses
Allianz Global Investors plans to curtail investments in certain coal businesses by the end of the year. The 598 billion-euro ($707 billion) investment manager said in a statement Thursday that ...
Canada Halts Trains for 48 Hours in Parts of B.C. After Wildfire Surge
Canada on Friday ordered trains to cease operations for 48 hours in areas of British Columbia hit by a recent spate of wildfires, including one that wiped out an entire town and killed two people, ...
SiriusPoint Debuts D&O Insurance MGA Banyan Risk
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the launch of Banyan Risk Ltd., a managing general agent that underwrites directors and officers (D&O) insurance. ...
Tokio Marine, Other Frustrated Olympic Sponsors Cut Back Promotional Events
Japanese Olympics sponsors are canceling or scaling back booths and promotional events tied to the Tokyo 2020 Games, frustrated by "very last minute" decisions by organizers and a delay on whether ...
U.S. Businesses Advance Diversity Initiatives, but Disconnects Remain: Marsh/RIMS Report
U.S. businesses are increasingly pursuing diversity, equity and inclusion initiatives but they continue to have some disconnect about how important the effort is, according to a new Marsh/RIMS ...