Industry News
The Latest Launches From Zurich and Ping An Insurance Group
Zurich Insurance debuted a new travel insurance program for Canadians traveling abroad. The property/casualty arm of Ping An Insurance Group in China is rolling out a credit-based smart auto claim ...
North American Insurers Should See Stable Finances Through 2019: Standard & Poor’s
North American insurers' financial strength continues to be strong as the industry enters 2019, and that status should remain stable through the year, S&P Global Ratings said in a new report. ...
One Concern Envisions Wide Use for Its AI Disaster Mitigation Tech
Ahmad Wani was home in 2014 visiting his mother in Kashmir, in northern India, when the floods hit. For seven days, the family waited for help to come. Luckily, they did not lose their home, but many ...
Bermuda Market ‘Resilient’ Despite Higher Cat Losses, U.S. Tax Reform Changes: Fitch
Bermuda-based insurers and reinsurers continue to be tested by challenging market conditions, including heightened catastrophic losses and diminishing competitive advantage resulting from U.S. tax ...
Damaging East Coast Winter Storms Won’t Fade Away Under Climate Change
Climate change may melt away smaller snow storms but it won't be able to hold back more powerful East Coast systems. Minor storms that drop mere inches of powder will become rare by the end of 21st ...
Life After Brexit for UK Financial Sector: British Lawmakers Explore Options
British lawmakers launched an inquiry on Friday to determine if the country should track European Union rules or cut loose to best serve its financial sector after Brexit. Finance is Britain's ...
Everest Re Warns Q4 Catastrophe Losses Will Almost Hit $700M
Everest Re Group Ltd. expects nearly $700 million in catastrophe losses for the 2018 fourth quarter due to wildfires, a hurricane and a hailstorm. Everest's prediction of $695 million in catastrophe ...
Qatar Re CEO Saacke to Step Down in March; Interim Leader Named
Qatar Re said that CEO and Executive Director Gunther Saacke would be stepping down from both roles in March, at the company's next board meeting. He'll stay on for the transition and depart later in ...