International
15% Global Minimum Tax Will Diminish Bermuda’s Advantage for Insurers, Reinsurers: Fitch
Bermuda's advantageous tax status for the insurers and reinsurers will be reduced at the margin with the expected passage of the recent multilateral agreement to establish a 15% global minimum tax ...
Climate Modeler Startup Jupiter Raises $54M to Fuel R&D, Growth Push
Jupiter, a global climate modeling and technology startup, has nailed down a $54 million financing round – money that will help accelerate sales and marketing efforts. A big boost in research and ...
AXIS Capital Accelerates Its Retreat From Coal Investments and Cover
AXIS Capital Holdings Ltd. said it will phase out insurance cover and investments in the coal business globally within the next 20 years. "It is our belief at AXIS that [insurance/reinsurance] ...
Russia’s Renaissance Insurance Will Reduce IPO Size
Russia's Renaissance Insurance Group will reduce the size of its IPO to $250 million from an initial $290 million, two sources told Reuters on Wednesday, selling only new shares plus an ...
Amazon Appeals Record $865M Penalty for Alleged Violation of EU Data Protection Rules
Amazon.com Inc. appealed a record 746 million-euro ($865 million) penalty for allegedly violating the European Union's tough data-protection rules. The appeal was filed at the Luxembourg ...
The Latest Launches From Guy Carpenter and Tokio Marine Highland
Guy Carpenter launched a Wildlife Risk Score designed to help clients manage their exposure to wildfire risk in Europe. A division of Tokio Marine Kiln now offers fine art insurance for personal and ...
China’s Evergrande Property Crisis Creates Minimal Exposure for U.S. Insurers
The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country's largest property developers, Evergrande, appears on the brink of collapse. ...
Watching Canary Islands Volcanic Eruption, Insurers Reminded of Challenges Posed by Non-Modeled Perils
The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of Spain, is a reminder to insurers of the challenges posed by non-modeled perils," ...