Industry News
Insurers Worry Canada’s Climate Change Flood Mapping Work Will Take Too Long
Canada plans to focus its next budget on tackling climate change and its effects but the insurance industry, amid skyrocketing costs, is concerned the government will move too slowly on the key first ...
Insurance Conferences Go on Despite Coronavirus, but No Handshakes (or Buffets) Allowed
As the coronavirus and its COVID-19 disease spread, Insurance professionals going to industry conferences over the next few weeks and months could find themselves having their temperature taken at ...
With a Few Exceptions, Insurers Are Unlikely to Cushion Coronavirus Losses
Don't look for much relief from insurers to cushion losses from canceled events, travel disruptions and potential medical claims from the deadly Covid-19 virus that's sweeping across the globe. The ...
Coronavirus Concerns May Curb Events at Berkshire Hathaway’s May 2 Annual Meeting
Berkshire Hathaway Inc, the conglomerate run Warren Buffett, said it will hold its annual shareholder meeting on May 2 despite the coronavirus outbreak, but may curtail some of the surrounding ...
Most Insurers Falling Short of Ambitions for Advanced Analytics
The last two years have been a reality check for the many insurers that fell short of their aspirations for implementing advanced analytics to improve key areas like customer experience, claims and ...
Lemonade Launches Nonprofit Foundation With $20M Endowment
Lemonade has established a nonprofit foundation designed to promote the use of AI, data and software to build socially impactful products and programs globally. Dubbed The Lemonade Foundation, the ...
Covea to Acquire PartnerRe From EXOR for $9 Billion
EXOR has agreed to sell PartnerRe to French mutual insurer Covéa, a move that is turning out to be a very profitable thing for the Italian investment firm. EXOR bought the Bermuda-based reinsurer in ...
Swiss Re Will Make UBS CEO Ermotti Its Chairman in 2021
Swiss Re plans to make UBS Group Chief Executive Sergio Ermotti its chairman from next year, the world's second-biggest reinsurer said on Tuesday, turning to a financial industry veteran with scant ...