Climate Disasters Forcing Insurers to Rethink Low Premiums, Few Claims Model January 25, 2023 By Akshat Rathi When it comes to climate impacts, the frontline of the finance industry is insurance. Last year’s payout from damages caused...
Black Sea Shipping Rates Rise as Reinsurers Cut Cover January 6, 2023 By Jonathan Saul LONDON –– Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth...
S&P Global Says Russia-Ukraine Insurance Losses Could Reach $35 Billion March 31, 2022 LONDON — S&P Global sees losses in the speciality insurance market of $16-35 billion from the Russia-Ukraine conflict, the ratings...
Reinsurers Look at Dumping Coal From Bulk-Buy Policies in Green Gambit June 17, 2021 By Carolyn Cohn and Simon Jessop LONDON — Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to...
Lloyd’s of London Sees ‘Large Loss’ Due to Suez Canal Blockage March 31, 2021 By Carolyn Cohn LONDON — The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s...
Aviation Reinsurance Rates Rise by Up to 250% – Report January 4, 2021 LONDON — Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re...
Munich Re Among Insurers Facing ‘Major’ Beirut Blast Losses August 13, 2020 By Verity Ratcliffe, Stephan Kahl and Layan Odeh Some of the world’s biggest reinsurers are bracing for potential losses running into tens of millions of euros after last...
Hurricanes May Cause More Pain For Pandemic-hit Insurers June 1, 2020 By Carolyn Cohn The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already...
Tech Innovation Noted as Top Growth Prospect for Reinsurers November 8, 2016 Technology innovation will provide the biggest growth opportunities for reinsurers in the year ahead, according to a just released survey...
Education, Networking Prepare Claim Executives for the Future November 2, 2016 By Denise Johnson Claim professionals gain invaluable insight from education and networking opportunities, according to industry experts who spoke with Claims Journal in...