Reinsurance
Shareholders Push Companies to Tackle Climate Change Shortfalls
In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the annual meeting season starting next month, when companies are set to face the ...
Third Point Re CEO Malloy Moves To Distribution Leader Role At Sirius
As Third Point Re continues to staff up its executive and underwriting teams in advance of an anticipated merger with Sirius International Insurance Group Ltd., the Bermuda-based reinsurer has ...
Swiss Re Posts $878M 2020 Loss, Much Larger Than Expected
Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to the coronavirus pandemic, but declared a dividend as the reinsurer expects ...
SPAC Entity Backed by AmTrust CEO Files for $300M IPO
A blank-check firm, backed by AmTrust Financial Services Chief Executive Officer Barry Zyskind, is looking to raise $300 million through an initial public offering, a regulatory filing showed on ...
Winter Storm Uri Will Produce ‘Billions of Dollars’ in Insured Losses: Moody’s
Snow, ice and some of the most frigid temperatures in decades in the southern United States will produce insured losses "in the billions of dollars," Moody's said in new commentary released on Feb. ...
Global Insurance M&A Holds Its Own Despite Pandemic Challenges
There were 407 completed insurance sector mergers and acquisitions worldwide in 2020, down from 419 the previous year, according to a report published by global law firm Clyde & Co. An ...
Cyber Attack Risks Rise With Internet of Things Devices: Lloyd’s
Internet of Things (IoT) devices are increasing the risk of cyber attacks to industrial and manufacturing businesses, according to a report published by Lloyd's in partnership with cyber analytics ...
Buffett’s Berkshire Hathaway Makes Major Investments in Verizon, Chevron
Warren Buffett's Berkshire Hathaway Inc on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone company Verizon Communications Inc and a $4.1 billion stake in oil ...