International
Allianz Establishes New $1.6B Private Credit Fund
Allianz Global Investors, the insurance company's money management division, is pushing ahead with plans to raise at least 1.5 billion euros ($1.63 billion) for a new global private credit fund, a ...
Insurance M&A Drops Sharply Globally in 2023
Regulatory changes and a reduced appetite for insurtechs are driving down insurance carrier mergers and acquisitions (M&A), a newly released report has found. M&A were down by 17 percent ...
Europeans Lack Insurance Protection as Wildfires and Drought Batter the Region
Europeans are among the least insured against certain types of extreme weather and other natural disasters in the developed world, a predicament made more worrisome as the continent suffers a summer ...
Global Natural Disasters Cost Insurers $43B in H1, Surpassing 10-Yr Average: Munich Re
Natural disasters during the first half of 2023 cost insurers an estimated $43 billion with an overall economic price tag of $110 billion, according to Munich Re. These insured losses were slightly ...
Climate Change Lawsuits More Than Double in 5 Years as Impacts Hit Home
The number of court cases related to climate change has more than doubled in five years as impacts ranging from shrinking water resources to dangerous heatwaves hit home for millions, a report said ...
Aon: Global Disasters Push Economic Losses to a 21st Century High at $194B
A new report estimates $194 billion in economic losses due to global disasters for the first half of 2023. According to Aon's H1 2023 Global Catastrophe Recap, this is well above the 21st century ...
Rapidly Melting Glaciers on Highest Mountains Threaten Quarter of Humanity
Rapidly melting glaciers in Asia's Hindu Kush Himalayan region — home to the world's highest mountains — are threatening the lives and livelihoods of as many as two billion people downstream, ...
Investors Step Up Risk Management After Last Year’s Crypto Meltdowns
Cryptocurrency investors have grown more cautious about who they do business with after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a ...