Reinsurance
Businesses Rank Cybersecurity as Top Worry in Risky Age: Marsh & McLennan CEO
Cybersecurity has emerged as the most pressing exposure for business confronting a new "age of risk," topping the coronavirus pandemic and climate change, in part because cybercrime is so pervasive, ...
U.S. Insurers Made Slow Diversity Gains Over Last Decade: S&P Global
Diversity in the U.S. insurance industry has made only modest gains over the last 10 years, according to government data compiled by S&P Global Market Intelligence. S&P found that the ...
III CEO Kevelighan: The Institutes Affilliation Brings Group Into 21st Century
Affiliating with The Institutes provides an opportunity for the industry's Insurance Information Institute (III) to become more of a 21st Century trade association, rather than one suited for the ...
Insurers Make UK Case for Limiting Pandemic Business Interruption Cover
Major insurance companies told the UK Supreme Court on Monday it was wrong to assume there could be unlimited cover during a pandemic in an appeal closely watched by thousands of British businesses ...
Insurers Targeted by U.S. Sanctions Over Nord Stream 2 Pipeline
The U.S. is drawing up additional sanctions on the Nord Stream 2 natural gas pipeline project, the latest obstacle in the path of the 9.5 billion-euro ($11.2 billion) Russia-to-Germany link that's ...
Derez, Covéa Fined Over $20M for Misconduct in SCOR Takeover Bid
The Paris Commercial Court ruled against Covéa and Chief Executive Thierry Derez, fining Derez personally and Covéa as well for misconduct related to the Paris-based mutual insurer's 2018 takeover ...
Buffett’s Berkshire Hathaway Reports Sizable Insurance Profit Drop, Driven by COVID-19 and Hurricanes
Warren Buffett's Berkshire Hathaway Inc reported lower quarterly operating results on Saturday and said the coronavirus pandemic may cause further damage, even as gains in stocks such as Apple Inc ...
AIG Q3 Net Income Experiences Large Drop; Catastrophe Losses Soar
American International Group saw its 2020 third quarter net income plunge by more than half compared to a year ago, a result that was shaped partly by higher natural catastrophe losses. Net income ...