NOAA: Ian, Drought Supercharged U.S. Weather Extremes in 2022

U.S. Climate Disasters Racked Up $165B in Damage in 2022

A massive hurricane, a historic drought and 16 other major disasters across the U.S. collectively racked up $165 billion in damages and killed at least 474 people in ...

Executives on the Move at Liberty Mutual, Earnix, Philadelphia Insurance

Liberty Mutual Insurance announced the appointment of Meg Sutton as chief operating officer for Global Risk Solutions (GRS) North America and Taylor Archambault as senior ...

Tech Bytes: New Partnerships at Previsico, bolttech, Milliman

Cat Bond Investors Demand Higher Premiums as Weather Becomes More Extreme

Investors in the $35 billion catastrophe bond market are demanding the highest premiums in years to cover issuers against disasters, as weather events become more extreme ...

Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s

Economic and political turbulence caused by the COVID-19 pandemic and Russia's invasion of Ukraine will be likely to heighten environmental, social and governance (ESG) ...

AIG CFO to Take Temporary Medical Leave

American International Group announced that Shane Fitzsimons, executive vice president and chief financial officer, will take a temporary medical leave of absence, ...

Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re

Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on record for natural disasters, Munich Re said on Tuesday, ...

Beazley Launches Global Re/Insurance Market’s First Cyber Catastrophe Bond

Specialist insurer Beazley has launched the global insurance market's first cyber catastrophe bond.

The $45 million bond gives Beazley ...

Vista Equity Partners to Buy Duck Creek for $2.6B Cash

Insurance software provider Duck Creek Technologies said it has entered into an agreement to be bought by Vista Equity Partners in an all-cash deal of about $2.6 ...