Reinsurance
Australia Set to Rescue Thousands From Sydney’s Worst Floods in 60 Years
Australia was set on Monday to evacuate thousands more people from suburbs in Sydney's west, battered by the worst flooding in 60 years, with torrential rains expected to continue for another day or ...
Global Warming Could Slash the Credit Ratings of 63 Countries: Study
A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half the number rated by the likes of S&P Global, Moody's and Fitch - could see their credit ...
In Ratings Agency First, A.M. Best Joins UN Program for Sustainable Insurance
AM Best became a signatory of the United Nations Environment Programme's (UNEP) Principles for Sustainable Insurance (PSI). The insurance industry plays an important role in supporting sustainable ...
COVID-19 Forces Cancellation of Monte Carlo Reinsurance Rendez-Vous for Second Year
Organizers of the reinsurance Rendez-Vous de Septembre (RVS) have decided to cancel this year's conference as a result of the ongoing COVID-19 pandemic, just as they did in 2020. "The pandemic is ...
Citizens’ CEO: Florida Market Is in Dire Straits
Florida's insurer of last resort, Citizens Property Insurance Corp., has become the insurer of first resort as thousands of new policies flood into it each week and the private homeowners insurance ...
U.S. COVID Herd Immunity Is Possible by Mid-Summer: Oliver Wyman
The U.S. will reach herd immunity threshold when more than 71% of the U.S. population has been exposed to COVID or effectively vaccinated against it, most likely by mid-summer, says a management ...
Texas, Other U.S. States Sue Biden Administration for Revoking Keystone XL Pipeline Permit
Texas and several other U.S. states have sued the administration of President Joe Biden over his decision to revoke a key permit for the Keystone XL pipeline, Texas Attorney General Ken Paxton said ...
TransRe CEO Sapnar Will Depart; Brandt to Succeed Him
TransRe President and CEO Mike Sapnar is leaving the company to pursue another opportunity. He'll stay on the job through April 30 to help with the transition. Ken Brandt, currently TransRe's ...