News
Hard Market Will Come; Question Is When, Swiss Re Says
In its latest sigma report forecasting profits and premium growth for insurers over the next two years, Swiss Re says the eventuality of a hard market is a given—it's just a matter of when. ...
British Insurers to Invest $41B in Infrastructure
The U.K.'s largest insurance companies will invest 25 billion pounds ($41 billion) in infrastructure, the government announced as it prepares to publish new plans for projects from energy and ...
In North America, the World Cup is in full swing. With it, we can draw lessons from AI and contextual...
Fitch Predicts Double-Digit Cuts in January U.S. Cat Re Prices
The quietest U.S. Atlantic hurricane season in decades will lead to a low double-digit fall in related catastrophe reinsurance pricing in the key 2014 renewals, Fitch Ratings says. Noting that the ...
Greece, BlackBerry: ‘Cautious’ Bets for Fairfax Financial’s Watsa
Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are part of a "cautious" strategy he employs to manage Fairfax Financial's $23.3 ...
EU Commission Fines Banks $2.3B for Benchmark Rigging
EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of 1.71 billion euros ($2.3 billion) on Wednesday for rigging ...
In Cost Cutting Move, Zurich Insurance Lays Off 53 in Middle East
Zurich Insurance Group AG, Switzerland's biggest insurer, fired 53 people across its general insurance operations in the Middle East as part of cost- cutting plans. "Fifty-three people were made ...
Insurers Rank Top 10 Extreme Risks; Global Pandemic is No. 1
Global insurance industry executives rank global pandemic, large-scale natural catastrophe and a food/water/energy crisis as the three most important extreme risks for the industry to worry about in ...
That ’70s Show: Obamacare Takes Federal Black Lung Claims Back in Time
Tucked into amendments to the Patient Protection and Affordable Care Act (PPACA) are two unexpected provisions that put casualty insurance carriers on the hook to pay Black Lung benefits on claims ...