Reinsurance

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 ...
Hillside burning in record-setting wildfires in 2020

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 ...

InsurTech NY Now Accepting Applications for 2021 Startup Accelerator Program

InsurTech NY is now accepting applications for its growth-stage InsurTech startup accelerator. The application window is open from July 7 to August 2 and applications will be accepted through the ...

Global Financial Regulators Seek Coordinated Efforts to Prepare for Climate Change Risks

The world's top financial regulators want to coordinate efforts to prepare for potential risks from climate change as authorities still lack common standards for assessing what could be one of the ...