Industry News
EU Pressures Britain to Make Brexit Compromise or Face Trade Disruptions
The European Union put the onus on Britain on Thursday to compromise on their new economic partnership or stand ready for trade disruptions in less than 80 days, drawing a chilly reaction from the ...
The Impact of Political Risks on Businesses
Civil unrest incidents such as protests and riots are challenging terrorism as the main political risk exposure for companies. Recently, events such as the French "yellow vest" protests (insured ...
Guy Carpenter Launches New Unit Focused on Program Market
Global reinsurance broker Guy Carpenter & Co. has launched a new business unit focused on carriers and managing general agencies operating in the program market. GC Access offers services such as ...
Corporate Diversity Pledges: U.S. Activists Seek Proof of Action
More data disclosure will help investors, employees and customers judge the pledges many American companies have made to diversify their workforces and boardrooms, activists and analysts said on ...
Delta Could Bring 2020 Estimated Hurricane Losses Above $26B
Hurricane Delta caused from $700 million $1.2 billion in insured losses from wind damage and storm surge, and an additional $800 million to $1.5 billion in losses to offshore structures, CoreLogic ...
Intact Financial Consolidates U.S., Canadian Specialty Biz Under Single Brand
Intact Financial Corp. has officially consolidated its Canadian and U.S. specialty insurance operations under a single brand, an expected action following two acquisitions. The Toronto-based carrier ...
Hurricane Delta Could Cost Insurers $1.25 Billion: KCC
Hurricane Delta could end up costing insurers close to $1.25 billion, according to a new report from catastrophe risk modeling firm Karen Clark & Company. The loss estimate includes $950 million ...
Executives On The Move at Munich Re, BHSI and Willis Towers Watson
Munich Re Specialty Insurance has a new Chief Underwriting Officer. Berkshire Hathaway Specialty Insurance named an underwriting executive in Ireland. Willis Towers Watson hired a director for ...