Reinsurance
Aon Offers Concessions to Win EU Antitrust Approval for $30B WTW Bid
Insurance broker Aon has offered concessions to gain EU antitrust approval for its $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on Monday. The sector's biggest ...
March U.S. Storms Caused More than $1B in Insured Losses: Aon
An onslaught of U.S. storms and flooding in March caused as much as $2 billion in economic damage. Public and private insurers were likely to see losses surpass $1 billion, Aon plc said in its ...
Insurance Industry Promotes Philanthropic and COVID Relief Initiatives
The insurance industry nonprofit Insurance Industry Charitable Foundation (IICF) gave insurance industry leaders an opportunity to talk about their philanthropic initiatives at a recent media event. ...
Global Shipping Backlog Continues Even as Suez Blockage Cleared
A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry ...
U.S. Weather Forecasters Predict Sixth Year of Above-Average Atlantic Storms
The United States should prepare for a sixth year of above-average number of Atlantic hurricanes, Colorado State University (CSU) forecasters said in the first official 2021 outlook on Thursday. The ...
Executives On The Move at Munich Re and Everest Insurance
Munich Re appointed a new Chief Legal Officer for its U.S. division. Everest Insurance named a new head of the company's Excess & Surplus Primary Casualty unit. *** Munich Re America appointed ...
Liberty Mutual, Starr Join Bitcoin Investment Firm’s $100M Funding Round
Liberty Mutual and Starr Insurance Companies are among property/casualty carriers who joined a $100 million funding round for NYDIG, a technology and financial services firm focused on bitcoin. The ...
Reinsurers Will Bear Brunt of Costs From Suez Canal Blockage
Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic in the Suez Canal, industry sources said, with payouts expected to run into hundreds of millions of ...