Industry News
Will Companies Exiting Russia Be Able to Recoup Losses With Insurance?
Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co. to PwC, a global ...
Study: SUVs, Pickups Hit Pedestrians More Often Than Cars Do
Drivers of bigger vehicles such as pickup trucks and SUVs are more likely to hit pedestrians while making turns than drivers of cars, according to a new study. The research released Thursday by the ...
$10B Worst Case Insurance Aviation Loss for Planes Grounded in Russia
A realistic estimate of aviation insurance and reinsurance losses for the grounding of planes in Russia falls in the $5-$6 billion range, but a worst-case estimate of $10 billion would be the biggest ...
The Latest Launches From Jerry, Applied Underwriters, Planck
Car ownership app Jerry launched its auto refinancing service, available exclusively in the Jerry app. An estimated 26 million Americans are in a position to be highly motivated to refinance their ...
Marsh Launches Risk Rating Tool to Assess Companies’ ESG Performance
Insurance broker Marsh announced the launch of its Environmental, Social and Governance (ESG) Risk Rating, an assessment tool that can measure an organization's ESG performance, enabling it to ...
Berkshire Hathaway to Acquire Alleghany for $11.6B
Berkshire Hathaway announced it will acquire Alleghany Corporation for $11.6 billion. Berkshire will acquire all outstanding Alleghany shares for $848.02 per share in cash in a transaction that was ...
Executives on the Move at Swiss Re and FutureProof
Swiss Re has appointed Ivan Gonzalez as CEO Reinsurance China and China country president effective July 1, 2022. He will relocate from New York to Beijing. Katie McGrath will succeed Gonzalez as ...
Burn the Client or Burn the Carbon? AXA Grapples With Clean Energy Transition
The glass tower in Paris where AXA SA, one of the world's largest insurers, has its temporary headquarters looks as if a giant feral cat has ripped chunks out of it. In recent months that jagged ...