Reinsurance
Employees Remained Resilient Despite COVID-19 Stress and Anxiety: Travelers Survey
U.S. employees confronted unprecedented work-related stress and anxiety during the COVID-19 pandemic over the last year, but most remain resilient, according to a new Travelers survey. Travelers ...
AXIS Re Appoints Execs for Revamped Property Reinsurance Arm
AXIS Re, the reinsurance business segment of AXIS Capital Holdings, made a number of new appointments within its leadership team. The end result includes a new division for Property Reinsurance and a ...
Broker Gallagher Reportedly Negotiating to Buy Aon, Willis Assets for $3B
Insurance brokerage Arthur J. Gallagher & Co. is in talks to buy a portfolio of assets from Aon Plc and Willis Towers Watson Plc for about $3 billion, according to people familiar with the ...
Finding a Way to Make Pandemics Insurable Again
When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from all new ...
Why Rapid Cyber Rate Hikes Will Continue for Some Time
While global commercial insurance rate hikes are starting to moderate, cyber seems likely to be an outlier for some time to come. "Right now, we are not at a stage where we can see the end of the ...
Shift Technology Raises $220M to Advance AI-Driven Insurance Technology
Shift Technology raised a whopping $220 million in new venture investment designed to advance its products and services that rely on artificial intelligence and big data technology to optimize ...
Insurer Reviews Options After Egyptian Court Allows Continued Container Ship Detention
An Egyptian court on Tuesday ruled that the container ship which blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner against its ...
COVID Is One of Many Risks Insurers and Financial Sector Firms Face: Allianz
Covid-19 may drive market corrections and insolvencies that could impact financial institutions' balance sheets, increase exposures for directors and result in litigation. However, financial ...