Reinsurance
Property Cat Bond Placement Reaches Record in 2020 and Q4: Aon
Approximately $11 billion of property cat bond limit was placed in 2020, the highest on record, according to a new Aon report that projects the growth momentum will continue in 2021. While the year ...
Argo Faces $51M in Estimated Q4 COVID-19, Natural Catastrophe Losses
Argo Group International Holdings Ltd. estimates losses from fourth-quarter 2020 natural catastrophes and the COVID-19 pandemic will hit $51 million. Breaking down the overall total, Bermuda-based ...
Climate Change Forcing Ocean Levels to Rise More Quickly Than Anticipated
Climate change is causing oceans to rise quicker than scientists' most pessimistic forecasts, resulting in earlier flood risks to coastal economies already struggling to adapt. The revised estimates ...
Investor Wants Finland’s Sampo to Focus on Insurance, Sell Nordea Stake
Finnish financial group Sampo should sell its 4.3 billion euro ($5.2 billion) holding in lender Nordea this year and focus on its insurance operations, Elliott Advisors said on Tuesday. The activist ...
Repair Your Damaged Reputations, AM Best Tells UK Insurers
While most of the COVID-related problems that plagued U.K. commercial property insurers will abate after the March anniversary of lockdowns, battles with reinsurers and damaged reputations are ...
Aviva Investors Might Ditch Holdings in Biggest Carbon Emitters Over Climate Inaction
Aviva Investors said on Monday it could ditch its stock and bond holdings in 30 of the world's biggest corporate emitters of carbon if their boards failed to take sufficient action over climate ...
Amended Law Slows Nursing Home COVID Court Claims
Garnice Robertson wants accountability for her mother's death from COVID-19 caught while she was living at a Kansas nursing home that allegedly failed to prevent an outbreak of the disease. An ...
Top 2021 Risks Look Much Like 2020: Pandemic Fallout and Cyber Attacks
There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global leaders in business, risk management and insurance. A trio of ...