International
Insurers Are ‘Actively Evaluating’ New Catastrophe Risks as Europe Burns
Europe's insurers are bracing for a new era of catastrophe risk fanned by rising temperatures in the world's fastest-warming continent. Insurers, reinsurers and brokers contacted by Bloomberg are ...
Mapfre Acquiring Tuio Stake; Bolsters Commitment to AI, Digital Innovation
Just a week after revealing a $1.5 billion deal to acquire U.S.-based Safety Insurance Group, Spain's Mapfre has announced a deal closer to its European roots—taking a 38.9% stake in the Spanish ...
Fitch Warns AI Market Correction Emerging as Major Global Credit Risk
The AI boom and the risk of a correction are emerging as major global credit risks, ratings agency Fitch has warned, adding to growing concerns that soaring tech valuations and unprecedented AI ...
Zurich CEO Says Staff Let Go as Regulator Finma Imposes Partial Sales Ban
Zurich Insurance Group AG let go of more than 12 employees amid enforcement proceedings by the Swiss regulator Finma, Chief Executive Officer Mario Greco said. The regulator also imposed a sales ban ...
Profitable 2025 Masks Challenges for Global Insurers, Says Bain & Company
Global insurance companies had a strong 2025 with improved profitability and premium growth but new research from Bain & Company warns insurers to "enjoy it while you can." "Insurers should enjoy ...
UK Steps Closer to Creating ‘Internationally Competitive’ Captive Market
The UK has lagged behind many of its insurance market competitors in that it does not have a tailored regime to allow the formation of captive insurers, which has led many corporations to establish ...
Europe Faces Weeks of Extreme Heat as Fire and Power Risks Build
Western Europe is bracing for the summer's third major heat wave, fueling dangerous wildfire conditions and straining power systems across the region. A high-pressure weather system is set to bring ...
Clyde & Co Survey Shows Rapid Escalation of AI, Geopolitical Risks
Technology is moving extremely fast, and a recent Clyde & Co survey of global business leaders has found that associated risks are weighing heavily. According to the law firm's latest Corporate ...