International
Executives On The Move at Zurich North America, AXA XL and BHSI
A former Chubb executive is Zurich North America's new Head of Distribution for the U.S. Middle Market. AXA XL's North America Construction business promoted two veteran executives to lead its ...
Digital Auto Insurer Marshmallow Is One of First Black-Founded UK Unicorns
Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it one of the first British Black-founded unicorns, the company said on ...
Global P/C Premiums Will Double by 2040, Driven by Climate Change and More: Swiss Re
Global property/casualty premiums are expected to more than double to $4.3 trillion in 2040 from $1.8 trillion in 2020 – growth driven by economic development, urbanization and climate change, ...
AIG CEO Zaffino to Add ‘Chairman’ to Title Starting Jan. 1, 2022
Peter Zaffino, American International Group's CEO since March, will add "Chairman of the Board of Directors" to his title as of Jan. 1, 2022 after Brian Duperreault retires. Zaffino succeeded ...
For Now, No Need for a Federal Cyber Reinsurance Backstop: CM Webinar Preview
Business owners need guidance rather than a federal reinsurance backstop to help them navigate an increasingly volatile cyber insurance market, a panel of experts said recently. "I don't think a ...
Allianz Investment Funds Under Investigation in Germany
German regulators have launched an investigation into the country's biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year, people with direct knowledge ...
Reinsurance Demand, Pricing to Continue Rising Next Year: Moody’s
Global reinsurance rates are likely to continue rising next year, in the low to mid-single digit percentage range, Moody's analysts said on Tuesday. Reinsurance rates have been rising in the past few ...
India Unveils Customer Data-Pooling System to Open Finance to Millions
India unveiled a data-sharing system that could revolutionize investing and credit, giving millions of consumers greater access and control over their financial records and expanding the potential ...