Industry News
Montpelier Appoints Brookman SVP, Head of Capital Markets
Montpelier Re Holdings Ltd., a leading provider of short-tail reinsurance and other specialty lines, on Thursday announced that Daniel Brookman has been appointed senior vice president and head of ...
Income Inequality Now Top Global Risk, Says World Economic Forum
The chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade, according to over 700 global ...
Majesco’s Fall ’26 Product Release Accelerates the Journey to a Frontier Firm We are standing at the edge of a...
Brown & Brown to Acquire Flood, Specialty Insurer Wright Insurance Group
Florida-based national insurance broker Brown & Brown, Inc. has agreed to acquire The Wright Insurance Group, LLC for $602.5 million from Aquiline Capital Partners, Wright's lead equity partner. ...
U.N. Report Outlines Climate Change Solutions
Governments may have to extract vast amounts of greenhouse gases from the air by 2100 to achieve a target for limiting global warming, backed by trillion-dollar shifts towards clean energy, a draft ...
Swiss Re Risk Officer Says Uninsured Disaster Losses Are Growing
Natural catastrophes are growing more costly and uninsured losses are increasing, according to David Cole, chief risk officer of Swiss Re Ltd. "When [natural catastrophes] happen, they are more ...
Google’s Buy of Nest Labs Seen Improving Smart-Home Gizmo Connections
Google Inc. is jumping into digital home automation with its acquisition of Nest Labs Inc., shining a spotlight on an unproven market that has so far been filled with expensive devices that can't ...
Desjardins Group to Acquire State Farm Canada Businesses
Desjardins Group, the leading cooperative financial group in Canada, announced Wednesday that it has entered into a definitive agreement to purchase State Farm Canada's property/casualty and life ...
U.S. P/C Insurers Face Challenge in 2014 Trying to Match 2013 Performance
The U.S. property/casualty insurance industry reported strong performance in 2013, but in 2014, the industry may find it difficult to match last year's results as insurers begin to face more ...