International
$1.1B in German Flood Claims is Double Initial Estimates: Fitch
Insurers will face higher-than-expected claims related to floods in Germany, according to Fitch Ratings, dealing another blow to an industry squeezed by low interest rates and decreasing prices for ...
Ironshore to Offer Political Risk Coverage for Film Producers
Ironshore International has created a new specialty product targeting film producers on location in volatile parts of the world. The Bermuda-based specialty insurer's new Political Risk product ...
AIG Exec’s 62 Years at the Global Insurer Not Likely in the Future
A veteran AIG employee retired recently, after a stunning 62 years with the insurance giant. But as the Wall Street Journal points out in its coverage of this milestone, spending your entire career ...
The Latest Launches from Swiss Re, Aon Benfield and XL Catlin
XL Catlin and A.J. Gallagher are now marketing lifestyle insurance coverage for New York City art collectors. Swiss Re expanded its cyber risk offerings in the U.M. Impact Forecasting debuted a new ...
French Insurers Assess Damage from Record Floods
Insurance executives meet with government officials in Paris Monday to assess the cost of flooding in the Centre and Ile-de-France regions as the Seine river recedes from its highest levels in more ...
Reinsurance Demand Spike Likely with Solvency II: Fitch Ratings
Solvency II will increase insurers' demand for reinsurance products as they seek to strengthen their capital positions via risk transfer, according to a report published by Fitch Ratings. Reinsurance ...
Executive Suicides Shock Business Community in Switzerland
An unusual number of suicides by top executives in Switzerland has prompted introspection in its business community over how senior managers are dealing with stress as its companies struggle to ...
XL Group CEO McGavick Urges Caution Toward Fossil Fuel Divestment Pressures
XL Group CEO Mike McGavick is standing firm against the push for insurers to divest from fossil fuel. He's urging caution, even as those efforts continue. "I hope we're really thoughtful about the ...