News
Swiss Re Net Beats Analyst Forecasts as Non-Life Sales Jump
Swiss Re Ltd., the world's second- biggest reinsurer, reported better than expected third-quarter profit after non-life premiums rose by a fifth. Net income fell 51 percent to $1.07 billion from a ...
Bring on the Competitors, Reinsurance Brokers Say
If you ask Frank Harrison, chief executive officer of New York-based reinsurance intermediary Holborn Corp., whether he worries about competitors coming up behind his firm, you'll hear an unusual ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
EU to Fine Banks Billions Over Rate Rigging
A number of finance firms, including Royal Bank of Scotland and Rabobank face billions of euros in fines next month from European Union regulators for colluding on global benchmark interest rates, ...
AIG Settles with Former Exec Before $274M Pay Trial
American International Group Inc. has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008. The settlement came as ...
Catastrophe Bond Issuance Surges to 15-Year High, Willis Says
The issuance of catastrophe bonds surged to the highest level since 1998 in the third quarter amid increasing demand from institutional investors searching for yield, Willis Capital Markets & ...
Greenhouse Gas Volumes Reached New High in 2012: WMO
Atmospheric volumes of greenhouse gases blamed for climate change hit a new record in 2012, the World Meteorological Organization (WMO) said on Wednesday. "For all these major greenhouse gases the ...
PLUS Conference: Albright, Cohen on Global Risk, Governance and Hypocrisy
America's European allies are being hypocritical in their complaints about the U.S. spying on them because they all have their own surveillance programs, according to two former top officials in the ...
82% of P/C Insurers Using Predictive Analytics: Earnix/ISO Research
A survey of North American insurance professionals reveals widespread use of predictive analytics in the property/casualty insurance industry, with as many as 82 percent responding that they use ...