International
Updated Hurricane Dorian Insured Loss Estimates Calculated for U.S., Caribbean
Hurricane Dorian may be history, but catastrophe modeling firms are still calculating insured losses for damage the storm inflicted on the U.S. and Caribbean region. Karen Clark & Co. issued an ...
Benefits Abound With Investments in Climate Change Adaptation
Investing $1.8 trillion between 2020 and 2030 in projects to help communities adapt to the worsening impacts of climate change could yield $7.1 trillion in economic benefits, according to a report ...
Executives On The Move at AXA XL, Guy Carpenter and Aspen
AXA XL hired a Zurich veteran to lead a Captive Practice in Canada. Guy Carpenter & Co. named a new chairman. Aspen Insurance Holdings Ltd. appointed its latest chief information officer. *** AXA ...
China Regulators Cap How Much Insurers Can Invest in Their Shareholders
China's banking and insurance regulator on Monday capped how much insurance firms can invest in their shareholders, aiming to curb risks linked to the misuse of financial resources. China is ...
Cyber Insurance Loss Risks Are Now Substantial: Guy Carpenter/CyberCube Research
As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear. A new report from Guy Carpenter and CyberCube Analytics has identified potential ...
Regional Coverage Program Rushes $11 Million Payout to the Bahamas
The Bahamas will receive $11 million in post-disaster insurance from a novel 12-year-old regional coverage program. CCRIF, once short for the Caribbean Catastrophe Risk Insurance Facility, was ...
Insurance Linked Securities Hold Their Own in the Face of Cat Bond Losses: Aon Securities
Insurance linked securities are holding their own even as they have been slammed with robust catastrophe bond losses, a new Aon report has found, predicting that the sector will resume growth in ...
Hurricane Dorian Insured Caribbean Losses Could Reach $3B: AIR Worldwide
Hurricane Dorian's impact on the Caribbean will cause $1.5 billion to $3 billion in insured losses, according to an estimate from Verisk-owned catastrophe modeling firm AIR Worldwide. Modeled loss ...