reinsurance News
Climate Stress Test for Insurers and Banks Debuts at Bank of England
The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial system to cope with climate change, saying the results will not be used to determine ...
G-7 Agree On 15% Minimum Profits Tax To Curb Multinational Firm Tax Dodges
The Group of Seven wealthy democracies agreed Saturday to support a global minimum corporate tax of at least 15 percent in order to deter multinational companies from avoiding taxes by stashing ...
Congress Is Exploring the Idea of Federal Reinsurance for Cyber-Terrorist Attacks
A research arm of Congress is studying the costs of cyber attacks on the U.S. infrastructure and whether the backup provided by the federal Terrorism Risk Insurance Program (TRIP) is adequate for ...
Reinsurers and a Tech Oligopoly: The Future of Insurance
When Marty Young, co-founder of InsurTech Buckle, participated in a keynote interview at an M&A insurance conference late last year, the executive warned that the insurance industry is on the ...
Do Reinsurers Rule the Industry?
"If you're an insurer today, and you're really good at underwriting, you should evolve into being a reinsurer and jettison out other assets." The words of advice from InsurTech Co-Founder Marty Young ...
SCOR’s Kessler to Leave CEO Slot in June in Revamped Succession Plan
Denis Kessler, SCOR's chairman and chief executive officer, is stepping down for personal reasons from his CEO role at the end of June, much earlier than expected. The company is replacing him in a ...
PartnerRe Loses $66M in Q1, Due in Part to Winter Storm Uri
PartnerRe lost $66 million in the 2021 first quarter, due in part to market volatility and $104 million of net losses from Winter Storm Uri. At the same time, the company has enjoyed momentum from ...
AXIS Re Appoints Execs for Revamped Property Reinsurance Arm
AXIS Re, the reinsurance business segment of AXIS Capital Holdings, made a number of new appointments within its leadership team. The end result includes a new division for Property Reinsurance and a ...