Specialty
Only 42 Percent of H1 Global Economic Losses Were Covered by Insurance: Swiss Re
Natural catastrophes and man-made disasters in the first half of 2019 were responsible for $44 billion of economic losses globally, according to Swiss Re Institute's preliminary sigma estimates. This ...
Investor Expects Berkshire Hathaway to Keep Growing After Buffett Is Gone
Bill Ackman said he invested in Berkshire Hathaway Inc. because he believes it will continue to generate significant returns even after Warren Buffett is no longer running the company. Ackman said in ...
Travelers Adds Chief Sustainability Officer to Executive Ranks
The Travelers Companies Inc. has added a chief sustainability officer to its executive roster, a first for the property/casualty insurer. Yafit Cohn is tasked with leading Travelers' environmental, ...
QBE Hires Ex-Willis Towers Watson Exec Jones to Lead Its North American Operations
QBE has hired a former Willis Towers Watson executive as the new leader for its North American operations. Todd Jones will be taking over as QBE North America CEO on Oct. 1, 2019, after having most ...
Executives On The Move at Root Insurance and AXIS Re
Root Insurance made some executive changes, including hiring a new chief financial officer. AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited, named a new head of property ...
The Latest Launches From Sompo International and BHSI
Sompo International in Asia plans to use an InsurTech startup's on-demand cloud platform to bring on-demand insurance to Asia. Berkshire Hathaway Specialty Insurance says it updated its Asia ...
Bayer May Be Seeking Roundup Cancer-Claim Deal Worth Up to $8B
Bayer AG is proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer, according to people familiar with the negotiations. An ...
Many Reinsurers Take on Increased Catastrophe Risks as Rates Harden
Some global reinsurers have chosen to stop retrenching from catastrophe risks, deciding instead to take advantage of higher premium rates and increase their exposure, according to S&P Global ...