Industry News
Zurich North America Is Latest Insurer to Name Sustainability Officer
Zurich North America is the latest insurer to name a sustainability officer - an executive who leads corporate initiatives to help the company contribute positively to the environment. Ben Harper ...
Travelers Sets Aside ‘Modest Funds’ for Possible Exposure to Child Sex-Abuse Claims
Travelers Companies Inc has set aside a "modest" amount of additional money to cover its possible exposure to child sex-abuse claims, the insurer's finance chief, Daniel Frey, told analysts during an ...
Insured National Catastrophe Losses Dipped Nearly 20 Percent in 2019: Willis Re
Insured losses from major natural catastrophes in 2019 totaled roughly $53.0 billion, about 18 percent lower than the annual average since 2011, according to a report from Willis Re. This figure ...
AXA Reportedly Reviewing Potential Options for Middle Eastern Operations
Axa SA is considering options for its Middle Eastern operations including a potential sale, as Chief Executive Officer Thomas Buberl continues to streamline the operations of Europe's second-largest ...
Cyber InsurTech Sayata Labs Hires Flynn as Head of Insurance
An InsurTech designed to help brokers and carriers maximize their cyber business has hired a former Beazley Group executive in a leadership role. Israel- and Massachusetts-based Sayata Labs said it ...
InsurTech M&A: Coalition, Xceedance and Insurity
Coalition acquired a company focused on scanning and cybersecurity. Xceedance bought an outfit centered around insurance operations and technology services. Insurity, Inc. snatched up a company that ...
Insured Losses, Economic Damages Set New Records Over Last Decade: Aon
The past decade broke new records in terms of economic damages and insured losses, according to Aon's latest catastrophe report. The costs to global economies reached $2.98 trillion between 2010 and ...
Marsh Reports Demand Spike for Political Violence Cover in the Gulf
Marsh, one of the world's largest insurance brokers and risk advisers, has seen a spike in clients' enquiries for political violence cover in the Gulf after attacks on tankers and oil installations ...