Specialty
Singapore Will Add More Climate Change Risks to Financial Industry Stress Tests
Singapore plans to include a broader range of climate change-related risks in a future stress test of its financial industry, a government minister said. The Monetary Authority of Singapore plans to ...
The Hartford’s 2019 Navigators Acquisition Pays Off
The Hartford closed out 2019 with gains in net income and net investment income, buttressed in part by its $2.1 billion acquisition of specialty insurer Navigators Group. Net income hit $543 million, ...
Safety National Revamps Leadership Team With Growth, Innovation on Its Mind
Safety National is making four changes in its executive leadership it frames as a reorganization designed to keep the company growing and innovating. The specialty insurance and reinsurance provider ...
Scientists Perplexed by Climate Change Models Running Red Hot
There are dozens of climate models, and for decades they've agreed on what it would take to heat the planet by about 3° Celsius. It's an outcome that would be disastrous—flooded cities, ...
Insurance Value Chain Poised for Big Changes From Data-Driven Business Models
Digital transformation empowers consumers to be more informed and independent, and equips insurers with the tools to develop new tailored products and services and refine existing ones, said the ...
After Brexit: EU Links Financial Relations With UK to Trade Deal
Access to the European Union market for Britain-based financial firms will be linked to the overall results of trade talks with London, EU chief negotiator Michel Barnier said on Monday. Britain and ...
Berkley CEO Warns ‘Clouds Are Beginning to Build’ for Workers Comp
While the market is hardening and rates are increasing for nearly every commercial insurance line, workers compensation remains stubbornly soft. That reality is something that W.R. Berkley's CEO ...
Brexit Arrives, While Scotland Keeps Fighting for Independence
As jubilant Brexit supporters gather to celebrate the U.K.'s departure from the European Union, Scotland is digging in to its position as the last bastion of political resistance. First Minister ...