International
Reinsurers Still Made Money in 2020 Despite Catastrophe and Investment Losses: Aon
Despite the combined effects of around $25 billion of pandemic and natural catastrophe-related losses as well as compromised investment returns, a group of reinsurers studied by Aon reported positive ...
The Latest Launches From Berkley One, Openly and AXA XL
W.R. Berkley Corp.'s Berkley One expanded into Maryland and broadened its product offerings in other states where it does business. Openly, an InsurTech MGA focused on high-end homeowners insurance, ...
Double-Digit Rate Hikes Help Propel W.R. Berkley’s Robust Q1 Results
W.R. Berkley Corp. reported record quarterly underwriting income, double-digit premium growth and healthy rate increases in the first quarter. The commercial lines insurer and reinsurer also saw its ...
Insurers Will Boost Private Equity Investments, Scale Back Hedge Fund Focus
Insurers want to put more money into private equity this year while scaling back on hedge funds, a survey by Goldman Sachs Asset Management showed on Wednesday. Private equity was the most-favored ...
Q1 UK Car Insurance Premiums Plunge to Lowest Levels Since 2015: Survey
The cost of a comprehensive car insurance policy in Britain slumped 14% in the first quarter of 2021, to their lowest level since 2015, as different phases of lockdowns in the country kept motorists ...
Ex-Allianz CFO Wemmer Is Launching a SPAC to Target Insurance Deals
Dieter Wemmer, a veteran insurance executive who was chief financial officer at Allianz SE, is launching a blank-check company to target deals in the sector where he worked for more than three ...
EU Will Ban Artificial Intelligence Used for Mass Surveillance, Ranking Social Behavior
The European Union is poised to ban artificial intelligence (AI) systems used for mass surveillance or for ranking social behavior, while companies developing AI could face fines as high as 4% of ...
Climate Change Law for Financial Firms Introduced in New Zealand, a Global First
New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate ...