CFC Executives Walsh and Newman to Step Down After Lloyd’s Misconduct Probe
CFC, the London-based managing general agent, announced that its founder and group CEO, David Walsh, and Graeme Newman, CEO of CFC Underwriting, will be exiting the ...
International
P/C Insurers Face Challenging Claims Dynamics as Frequency, Severity Rise: Swiss Re
The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic inflation, ...
Governments Increasingly Will Foot Bill for Climate Risks as Insurers Exit: Report
As insurers start to pull out from markets battered by the fallout of climate change, governments are increasingly at risk of having to foot the bill, according to the ...
Financial Services Firms Acknowledge ‘Awful’ Culture in UK Sexism Inquiry
Representatives from finance firms across the City of London said more work was needed to tackle gaping gender disparities in the industry, even after companies have made gains in the past five ...
Hurricane Otis’ Insured Losses Estimated at $2.5B-$6B: Moody’s RMS, Verisk
Moody's RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between $2.5 billion and $4.5 billion. On the ...
Biz Leaders Say Economic Downturn Outranks Climate, Tech as Top Worry
Economic and societal threats—such as an economic downturn, inflation, and an erosion of social cohesion—rank among the biggest risks to doing business in G20 countries over the next two years, ...
Cyber, Geopolitics, Supply Chain Issues Are Risks to Watch in 2024
Two reports released recently highlight the risks to watch for businesses in the coming year. The Hartford Risk Monitor, spotlighting top risks for mid to large businesses through a survey of agents ...
Scientists Say 2023 Set to Be Warmest in 125,000 Years
This year is set to be the world's warmest in 125,000 years, European Union scientists said on Wednesday, after data showed last month was the hottest October on record by a massive margin. Last ...
Lloyd’s to Invest $65M in Regions Affected by Transatlantic Slave Trade
Lloyd's of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the ...
Climate’s ‘Catch-22’: Cutting Pollution Will Accelerate Global Warming
Air pollution, a global scourge that kills millions of people a year, is shielding us from the full force of the sun. Getting rid of it will accelerate climate ...