reinsurance costs News

Travelers Companies on Wednesday reported a 14% fall in quarterly profit, as severe wind and hail storms in parts of the United States drove up catastrophe losses for the insurer. Core income of the New York-based company, often seen as …

JOHANNESBURG — South Africa’s only insurer covering political violence will increase its premiums to cover a rise in reinsurance costs following some of the worst unrest in decades, the head of the state-owned company told Reuters. More than 300 people …