International
Reinsurers to Bear Brunt of Australia Flood Claims: AM Best
The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact on primary insurers' balance sheets, according to an AM Best report. ...
Inflation A ‘Major and Growing Concern’ for Reinsurers
With buyers' needs for capacity stable and remaining within the collective appetites of reinsurers, April 1 reinsurance renewals were orderly, according to a broker report, which points to inflation ...
U.N. to Hold Companies to Their Net-Zero Pledges With Group of 16 Experts
The United Nations on Thursday announced the members of an expert group that will scrutinize corporate pledges to achieve net-zero emissions, an effort to prevent greenwashing as private sector ...
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B
Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50 percent of those claims, according to a report published by ...
Zurich Removes ‘Z’ From Social Media Branding as Russia Uses Symbol in Ukraine War
Zurich Insurance said it has removed the letter "Z" from its social media branding as a result of Russia's use of the letter during its war in Ukraine. "The Zurich brand has been around for 150 ...
Auditors Urge EU Agencies to Ramp Up Cybersecurity Measures
EU institutions must do more to protect themselves from cyber attacks as their interconnected networks put them at greater risk, the European Court of Auditors (ECA) said on Tuesday, the latest ...
Lloyd’s CEO Neal Hospitalized After Serious Bike Accident
Lloyd's CEO John Neal was involved in a collision with a car while riding his bike on Saturday, March 26, Lloyd's said in a statement. Neal sustained serious injuries and is undergoing treatment in ...
Russian Agents Charged with Targeting U.S. Nuclear Plant, Saudi Oil Refinery
Officials in the U.S. and UK on Thursday accused the Russian government of running a years-long campaign to hack into critical infrastructure, including an American nuclear plant and a Saudi oil ...