Industry News
May Pleads for ‘Just One More Push’ to Break Brexit Deadlock
Prime Minister Theresa May urged the European Union on Friday to make "just one more push" to break the deadlock over Brexit by offering her changes to a deal to help persuade Britain's deeply ...
Australia Floods Dominated February Catastrophe Events: Aon’s Impact Forecasting
Australia's Northern Queensland experienced widespread flooding from Jan. 26 to Feb. 7, which cost insurers more than A$893 million (US$635 million) with total economic losses of at least A$1.7 ...
Emerging Markets Will Continue Driving Insurance Industry Growth: Swiss Re
Emerging markets will remain the growth engine of the global economy and insurance industry over the next decade, reflecting a continuing shift of economic power from west to east, according to Swiss ...
The Latest Launches From Munich Re, AXA XL and More
Munich Re is debuting cover that insures the performance of batteries used on an industrial scale to help generate energy. AXA XL and InsurTech startup Assurely will collaborate on insurance coverage ...
No-Deal Brexit Tariff Uncertainty Increases Risk Worries for Companies
Confusion around which goods will be subjected to U.K. import tariffs in a no-deal Brexit is exasperating companies as they seek to finalize preparations for the split. The government will reveal ...
Executives On The Move at Metromile and Willis Towers Watson
Pay-per-mile car insurance company Metromile is bringing on industry veterans to fill some key roles. Willis Towers Watson made three executive appointments for its Corporate Risk and Broking segment ...
Carriers Will Increasingly Target InsurTechs for Investment, Acquisition in 2019: Deloitte
Carriers will increasingly seek InsurTech startups as investment and eventual M&A targets in 2019, according to Deloitte's predictions outlined in a new report. "Insurance companies' appetite for ...
High Cat Losses Helped Spike U.S. P/C Rating Downgrades in 2018: A.M. Best
U.S. property/casualty rating downgrades more than doubled in 2018 compared to the previous year, a result stemming from factors including catastrophic weather losses and challenging pricing ...