International

World Economic Forum Warns Long-Term Risks Are Environmental

The World Economic Forum is sounding alarm bells on climate change, with environmental risks occupying the group's top five long-term concerns for the first time on record. Extreme weather events, ...

Strong Competition, Claims Inflation Confront UK P/C Insurers: A.M. Best

Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best. Companies have had ...

A Breakdown of How the U.S.-China Trade Agreement Addresses Insurance

President Donald Trump and Chinese Vice Premier Liu He signed an economic and trade agreement that promises to increase the agricultural and other goods and services China will buy from the U.S. by ...

Planned Opening of China’s Insurance Sector to U.S. Firms Causes Confusion

A trade pact opening up China's insurance sector to U.S. firms has caused confusion among lawyers in the Asian nation. China pledged to remove the foreign-equity cap for the life, pension and ...

Storms, Political Unrest Drove Chubb’s $430M in Q4 Pre-Tax Cat Losses

Chubb said that severe weather events in Texas, California and Japan helped produce an estimated $430 million in pre-tax catastrophe losses for the 2019 fourth quarter. That number breaks down to ...

Executives On The Move at Liberty Mutual and Argo Group

Liberty Mutual Re appointed a former Aspen Re executive to lead a new office in Singapore that will focus on growing business in the Asia Pacific region. Argo Group unit ArgoGlobal appointed two ...

Lloyd’s Performance Management Director Will Step Down; HR Chief Named

Lloyd's of London said that Jon Hancock has decided to step down as performance management director in 2020. At the same time, Lloyd's also announced that Julia Tyson has been named chief human ...

Opinion: Travelex Ransomware Attack a Sign of Greater Trouble to Come

As ransomware attacks go, the cyber intrusion at Travelex that emerged on New Year's Eve could have lasting consequences — and ones that shouldn't be just a worry to the currency dealer. Travelex, ...