International
PartnerRe Makes Bonneau CEO While Dealing With Pandemic-Hammered Q2 Results
A former Chubb executive is officially the new president and CEO of PartnerRe Ld., taking over as the Bermuda-based reinsurer reported 2020 second quarter results hammered by COVID-19 challenges. The ...
Volkswagen Forks Over $9.8B in Diesel Settlements to U.S. Consumers
U.S. buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements, the Federal Trade Commission (FTC) said on Monday . Volkswagen agreed to offer to buy back or repair ...
InsurTech Financings Rebound in Q2; A Longer Recovery Remains in Question
InsurTech venture capital investments rebounded strongly in the second quarter after a pummeling earlier in the year due to growing pandemic-related uncertainty in the financial markets. Firms in the ...
AXA XL Makes Americas, UK and Lloyd’s Exec Appointments in Ongoing Restructuring
AXA XL's plan to revamp the structure and focus of its Insurance unit continues with a number of new leadership promotions and new hires in the Americas and also the UK/Lloyd's market. AXA XL's new ...
1000-Plus Twitter Employees Reportedly Had Access to Hack-Worthy Tools
More than a thousand Twitter employees and contractors as of earlier this year had access to internal tools that could change user account settings and hand control to others, two former employees ...
Everest Insurance Makes Karmilowicz Its New CEO
Everest Re Group promoted Michael Karmilowicz to be the new president and CEO of its Everest Insurance division, three months after its previous leader jumped ship to lead rival Ascot Group. Jonathan ...
Plastic in the World’s Oceans Will Triple in Volume by 2040
The annual flow of plastics into our oceans is on a trajectory to triple over the next 20 years, which could add up to 110 pounds of plastic trash for every meter of coastline worldwide, a new report ...
H1 Global Natural Catastrophe Losses Reach Stinging Levels: Munich Re and Aon
Munich Re and Aon both issued reports this week on the economic and insurance costs of global natural catastrophes during the first half, which varied in magnitude by $7 billion. While Munich Re ...