International
QBE to Non-Renew $500M of North American Mid-Market Biz
QBE announced that it will start shutting down the middle-market segment in North America to focus on North American businesses where it has more meaningful market position, relevance and scale. ...
Social Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says
Although insurers can help to stop the growth of social inflation, they can't lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief ...
U.S. Cyber Chief Sees ‘Very Aggressive’ Chinese Hacking Strategy
A top U.S. spy chief said China is increasingly using its companies to find vulnerabilities in their own computer networks and then tapping that knowledge to target foreign nations and industries. ...
High Wind Warnings Ignored Before Deadly Mexico Stage Collapse
Warnings were issued well before a campaign event about high winds that caused a deadly Mexico stage collapse this week, raising questions about why those alerts went unheeded. Organizers didn't ...
Tokio Marine Forecasts ¥1 Trillion 2024 Profit; ‘Drastic’ Growth Ahead
In Japanese yen, the profit figure that Tokio Marine Holdings projects for 2024 is ¥1 trillion. While the forecast may seem less extraordinary in U.S. dollars of roughly $6.7 billion, either way ...
Several Million Euros’ of Jewels Stolen in Paris Armed Heist
Armed robbers who used a motorbike as a battering ram made off with "several million euros'" (dollars) worth of valuables in a heist of the luxury Paris boutique of self-declared "Jeweler to the ...
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon
Global natural catastrophes cost insurers $17 billion during the first quarter of 2024, with economic losses rising above $45 billion, according to Aon's Q1 Global Catastrophe Recap – April 2024. ...
Report: Europe Is the Fastest-Warming Continent, at Nearly Twice the Average Global Rate
Europe is the fastest-warming continent and its temperatures are rising at roughly twice the global average, two top climate monitoring organizations reported Monday, warning of the consequences for ...