News
Swiss Re’s Emerging Risk Worries: Natural Catastrophes to the ‘Internet of Things’
Emerging risks with the highest potential impact in coming years may not be what you think. A new Swiss Re report identified four that top the list: Large natural catastrophes, de-globalization and ...
EXOR Sets One Condition Before Discussing Its $6.8B Bid With PartnerRe
Italian investment firm EXOR said it is willing to discuss its $6.8 billion bid for PartnerRe with the Bermuda-based reinsurer's board of directors, but there is a catch. EXOR said it will negotiate ...
Zurich to Cut Costs by $1B to Reverse Profit Slide
Zurich Insurance Group AG, Switzerland's biggest insurer, will cut costs by more than planned as it seeks to reverse a drop in earnings. CEO Martin Senn said he will make additional annual savings of ...
Milliman’s Pixel Gives Insurers Custom View of Competition’s Impact
Consulting and actuarial firm Milliman announced the availability a competitive intelligence tool for insurance companies last week called Pixel. According to Milliman, Pixel is a web-based, ...
U.N. Official Says Building Laws Need to Be Enforced in Nepal
Nepal must take lessons from earthquake-hit countries such as Mexico and strictly enforce existing building laws as it prepares to rebuild from two major quakes, a senior United Nations official said ...
Wind and Hail Fuel Allstate’s April Catastrophe Costs
Allstate Corp. reported low catastrophe losses in the 2015 first quarter, but preliminary April results showed some subsequent uptick. The nation's largest publicly traded personal lines insurer ...
Travelers: Cyber Threats, Medical Costs, Legal Issues Top Business Concerns
Cyber risks, medical cost inflation and legal liability are among the top concerns for American businesses of all sizes, according to results from the 2015 Travelers Business Risk Index. There is ...
PartnerRe Seeks Direct Meeting With EXOR About Possible Acquisition Deal
Bermuda-based reinsurer PartnerRe, after weeks of resistance, has decided to meet with EXOR to determine whether the Italian investment firm will sweeten its $6.8 billion bid for the company. Even ...