International
New Capital Rules Poised to Transform Kenya’s Insurance Industry
A push by Kenyan regulators to clean up the East African country's insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according ...
Executives On The Move at XL Catlin, Starr Companies and More
XL Catlin promoted an executive to lead its specialty reinsurance arm in London. A Chubb and OneBeacon veteran joined ID Experts, an identity protection software company, in a leadership role. Starr ...
Bermuda Insurance Industry Poised for Double-Digit Growth Through 2019
The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report ...
Executives On The Move at RenaissanceRe, Markel, AXIS and Allianz
Renaissance Re's chief financial officer is retiring, and execs have chosen his replacement. AXIS Insurance promoted one of its executives into a key role. Markel International appointed a senior ...
Earthquakes, Storms Make H1 Insured Losses Soar: Munich Re
Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a ...
Insurers, Banks, Pension Funds Must Address Climate Change Risks: Report
The world's insurers, banks and pension funds are "inherently susceptible" to threats from climate change and must make adjustments, from shifting investment toward environmentally friendly ...
Brexit May Hinder U.K.’s Ability to Tackle Climate Change
The U.K.'s decision to leave the European Union could make it more difficult for the country to cope with rising seas, floods and the spread of tropical diseases compounded by climate change, ...
Fort McMurray Wildfires Are Canada’s Costliest Disaster Ever: IBC Report
Insured losses from the May wildfires in Fort McMurray, Alberta, are expected to total C$3.58 billion ($2.76 billion), making it the costliest-ever Canadian natural disaster, an insurance industry ...