MGA Aspect Labs Opens for Business, Backed by Everest Re and AmTrust
Aspect Labs Ltd., the London-based managing general agent, has officially opened its doors for business, targeting small to mid-market risks that are not big enough for ...
International
Zurich Exits Insurance Climate Alliance, Days After Munich Re
Zurich Insurance Group AG is leaving a coalition of major insurers that have committed to reach net-zero emissions, the second high profile exit from the group in a ...
New Images From Inside Fukushima Nuclear Reactor Spark Safety Concerns
Images captured by a robotic probe inside one of the three melted reactors at Japan's wrecked Fukushima nuclear power plant showed exposed steel bars in the main ...
Munich Re Exits Insurance Climate Group, Citing ‘Material’ Legal Risks
Munich Re is leaving an alliance of leading insurers that have committed to reduce emissions due to what it says are "material" legal risks, in a move that marks the ...
Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal
A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking 5.1 million pounds ($6.3 million) in ...
‘Climate Time Bomb Ticking’, Warns UN Chief, Urging Faster Cuts to Emissions
UN Secretary General Antonio Guterres warned that the "climate time bomb is ticking" as he urged rich nations on Monday to slash emissions sooner after a new assessment ...
UBS Buying Credit Suisse; Assuming More Than $5B in Losses
UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses in a shotgun merger ...
Intangic MGA Launches Cyber Parametric Policy With Backing From AXA XL
Intangic MGA, a London-based cyber managing general agent (MGA), has been launched with capacity backing from AXA XL, offering new cyber insurance cover for large public corporations headquartered in ...
China’s Ping An Insurance Reports 17.6% Drop in 2022 Profit
Ping An Insurance Group Co. of China Ltd., China's largest insurer by market value, reported a 17.6 percent drop in its 2022 annual net profit on Wednesday due to a slump ...
Insured Losses From New Zealand Floods Estimated at $1.02B, With Profit Hit Expected
The initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion ($1.02 billion), according to PERILS, the independent ...