International
Companies Risk Substantial Loss of Annual Profit Due to Supply Chain Shocks
Companies risk losing more than 40% of annual profit once a decade in a world threatened by trade wars, cyber attacks, pandemics and climate change, according to McKinsey & Co., which estimates ...
CNA CEO Robusto’s Contract Extended Through 2024
CNA Financial Corp. Chairman and CEO Dino Robusto will remain in his position a few extra years, thanks to a contract extension that will run through 2024. The Chicao-based commercial ...
Hurricane Isaias Insured Losses Will Surpass $4B: KCC
Hurricane Isaias likely caused $4 billion of insured losses in the U.S. and $200 million in the Caribbean, according to a new report from Karen Clark & Co. The estimates cover privately insured ...
AXA Mulls Sale of Singapore Business
AXA SA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with the matter. The French insurer is working with an ...
Beirut Blast Marine Insurance Losses Likely Less Than $250M
Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port of Beirut were likely to total less than $250 million, reinsurance broker Guy ...
Executives On The Move at AXIS Re and Beazley
AXIS Re promoted an executive to a leadership role in North America. Specialist insurer Beazley appointed four new underwriters within its Chicago, Ill.-based cyber and executive risk division.
Chubb Appoints Lupica, Krump to Run North America Insurance, Global Underwriting/Claims
Chubb made two major executive changes affecting its North America Insurance division – the company's largest - as well as Global Underwriting and Claims. John Lupica has been named President, ...
Australia Commits $1.2B to Private Sector Cybersecurity After Attacks Spike
Australia will spend A$1.66 billion ($1.19 billion) over the next 10 years to strengthen the cyber defenses of companies and households after a rise in cyber attacks, Prime Minister Scott Morrison ...
Third Point Re, Sirius to Merge in $788M Deal
Third Point Reinsurance and Sirius International Insurance Group, a global multi-line insurer and reinsurer, have agreed to merge in a cash and stock transaction worth $788 million. The new company ...