Reinsurance
Most Global Catastrophe Economic Losses Unaddressed by Insurance
There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion – 8% above the average annual losses for this century, according to insurance broker ...
Executives On The Move at Lloyd’s, AIG and AGCS
Lloyd's of London hired an executive to fill its first-ever Chief of Markets position. AIG has a new head of Media & External Communications. Allianz Global Corporate & Specialty SE named a ...
2021 InsurTech NY Early-Stage Competition Looks to Bermuda
InsurTech NY and the Bermuda Business Development Agency are teaming up for the 2021 InsurTech Early-Stage Competition. Bermuda's lucrative reinsurance market could benefit from the arrangement, ...
Climate Change Will Boost Hurricane Losses 20 Percent or More by 2050: Research
By 2050, climate change-related weather events will have a meaningful impact on future hurricane losses, increasing them by 20% or more and in some cases doubling them, even without any increase in ...
Aon CEO Case Recognized for Advancing LGBTQ Equality
Aon CEO Greg Case has been recognized for advancing the equality of LGBTQ+ employees and individuals. Specifically, Case was named the No. 1 ally on the INvolve OUTstanding LGBT+ Ally Executives list ...
COVID-19 Drives More Than Half of AXIS Capital’s Q4 CAT Loss Estimate
AXIS Capital Holdings Ltd. reported approximately $200 million in preliminary fourth quarter catastrophe losses, more than half of which stem from the COVID-19 pandemic. The Bermuda-based specialty ...
Climate Change to Blame for One-Third of U.S. Flood Losses Over Past Three Decades
Climate change is to blame for more than one-third of U.S. flood losses over the past three decades, according to a new study from Stanford University researchers. The study, published in the journal ...
Ship Insurers Ready to Hike Rates After Red Sea Violence
Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series of incidents that have hit vessels around Saudi Arabian waters, industry sources said. The ...