International
Natural Disasters, Ukraine War Weigh on Q1 Results of Europe’s Major Reinsurers
Three out of four of the major European reinsurers reported their profits were negatively affected as a result of elevated natural catastrophe claims and a first round of claims reserves from the ...
Climate Change Is Hurting Insurance Industry: Report
Climate change is hurting the insurance industry, and only 8 percent of insurers are preparing adequately for its impact, consultants Capgemini and financial industry body Efma said in a report on ...
Earth Has 50-50 Chance of Hitting Key Warming Mark by 2026
The world is creeping closer to the warming threshold international agreements are trying to prevent, with nearly a 50-50 chance that Earth will temporarily hit that temperature mark within the next ...
Lloyd’s Annual Meeting to Go Virtual on Threat of Climate Protests
Commercial insurance market Lloyd's of London is encouraging members of its 100-odd syndicates to attend its annual general meeting next week online rather than in person, due to the threat of ...
Russia-Ukraine a ‘Complex’ Situation for Insurance Industry: AIG CEO Zaffino
AIG CEO Peter Zaffino during the company's most recent earnings call provided analysts with some insight regarding insurance implications from Russia's invasion of Ukraine. "We have not seen a ...
Multiple Marine Insurance Claims Expected From War in Ukraine: Allianz
Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & ...
Financial Services Firms Face Losses of $225B From Variety of Water Risks
Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing nothing to assess the potential impact, a report by leading environmental ...
Swiss Re Reports Q1 Loss as Ukraine War, Natural Disasters and COVID Take Their Toll
Swiss Re reported a group net loss of $248 million during the first quarter, as a result of headwinds such as the war in Ukraine, higher-than-expected natural catastrophes and the ongoing COVID-19 ...