International
Reinsurers’ Investment Strategies Help Them Tolerate COVID-19 Impact: S&P
A decade of low interest rates and tough underwriting conditions has led reinsurers to cautiously invest in riskier and more illiquid assets to generate additional return. The good news is that this ...
Facebook Risks UK Legal Action in Cambridge Analytica Scandal
Facebook Inc. risks being dragged into a UK legal dispute involving almost 1 million British users affected by the Cambridge Analytica scandal, two years after revelations about the misuse of private ...
Global Regulator Claims Too Few Companies Disclose Climate Change Financial Hits
Too few companies specify their prospective financial hit from climate change under a voluntary global disclosure code that needs wider backing from asset managers and others to be fully effective, a ...
Chubb CEO Greenberg: Hardening Market Is a ‘Very Healthy Trend’
Chubb Chairman and CEO Evan Greenberg looks around and sees a hardening market that is spreading and accelerating in multiple ways, something he termed as a long-overdue development. "I see it as a ...
Executives On The Move at QBE North America, The Hartford and W.R. Berkley Corp.
QBE North America filled two regional leadership roles with a promotion from within and a former AIG executive. The Hartford appointed a new board member. W.R. Berkley Corp. chose a new president of ...
InsurTech VC Breaks Records in Q3; Mid-Tier Startup Funding Shrinks
InsurTech funding saw the largest number of deals and the highest amount of funding since data recording into InsurTech began, with $2.5 billion raised by InsurTech firms across 104 deals during the ...
Chubb Turns in Q3 Profit Despite Massive Catastrophe Losses
Chubb's net income grew by 9 percent in the 2020 third quarter, something that Chair and CEO Evan Greenberg credited to rate hikes and improving underwriting conditions despite a tough environment ...
Ship Insurers Confront Arctic Headaches as Routes Open Up
When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong. Double the manpower is needed to navigate. Lookout shifts are kept to just one hour, so ...