International
Former Markel Exec Rivos Joins AXIS as Credit & Surety Senior Underwriter
A former Markel executive is joining AXIS Re in a leadership role. Alexander Rivos is AXIS Re's new senior underwriter for Credit & Surety. He will report directly to Camilo Rodriguez, Head of ...
Rate Hikes, Lower COVID-19 Claims Leads to Higher H1 Profits for Europe Reinsurers: Moody’s
The four largest European based reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – reported sharply higher profits in the first half of 2021, compared with the same period in 2020 — as a ...
Russian Insurer Sanctioned by Biden Administration Over Nord Stream 2 Involvement
The Biden administration imposed sanctions on two Russian entities over their involvement in the Nord Stream 2 pipeline project, but is leaving in place a waiver that spared the company overseeing ...
Near-Normal Tropical Storm Activity Predicted Through Sept. 1
Researchers from Colorado State University see near-normal tropical storm activity in the Atlantic Ocean, Caribbean and Gulf of Mexico through Sept. 1, according to a forecast update issued on ...
‘Have Your Computer Talk to My Computer’: Caribou Honig Dissects Embedded Insurance Trends
Embedded insurance is becoming increasingly ubiquitous. But it is important to remember the concept isn't exactly new, nor is it likely to be fleeting, according to an industry expert. "It's ...
Haiti Earthquake Caused $250M in Insured Losses
The large 7.2 magnitude earthquake, which hit Haiti on Aug. 14, is likely to cost insurers around $250 million, according to catastrophe modeling firm Karen Clark & Co. While the insured losses ...
Willis Towers Watson Alleges Alliant Unlawfully Stole Employees, Trade Secrets and Clients
Insurance brokerage competitors Willis Towers Watson and Alliant Insurance Services are battling in court over what Willis alleges is a conspiracy by Alliant to steal its employees, trade secrets and ...
Tokio Marine’s Singapore Subsidiary Struck by Cyber Attack
Tokio Marine Insurance Singapore Ltd. (TMiS), a subsidiary of Tokio Marine Group, announced it was hit by a ransomware cyber attack. Upon a detection of the attack, TMiS immediately took necessary ...