Insurers Face ‘Mind-Blowingly’ Large Loss if Olympics Canceled January 28, 2021 By Carolyn Cohn and Noor Zainab Hussain LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the...
Natural Disasters Cost Insurance Industry $76B in 2020 – Swiss Re December 16, 2020 ZURICH, Dec 15 — Natural disasters like wildfires which devastated parts of the United States and a record number of...
Swiss Re Swings to Q1 Loss as Coronavirus Outbreak Bites April 30, 2020 FRANKFURT — Reinsurer Swiss Re swung into a net loss in the first quarter of 2020 as the impact of...
Swiss Re, Zurich Insurance in Talks With Watchdog on Virus Shock March 20, 2020 By Patrick Winters and Marion Halftermeyer Switzerland’s top insurance companies are in talks with the financial regulator about the impact of the coronavirus outbreak on their...
Silver Lining For Some: Virus Shutdown Boosts China P/C Insurers March 13, 2020 By Sumeet Chatterjee and Cheng Leng HONG KONG/BEIJING — Chinese non-life insurers are discovering a silver lining to the cloud spreading over China’s economic performance from...
Business People: Sedgwick, Swiss Re and Crawford & Co. February 20, 2020 Sedgwick Appoints Pool Administrator Sedgwick has hired Rob Kramer, a former York Risk Services manager, as director of pool administration....
Litigation Funding Bills Crop Up in State Houses Across the Country February 18, 2020 By Jim Sams Lawmakers in three states and in Congress have introduced bills to impose more controls on litigation funding companies, which insurers...
Typhoon-Lashed Philippines Taps Catastrophe Bonds November 25, 2019 By Siegfrid Alegado and Denise Wee The Philippines, among the world’s most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major...
Fire and Hail Push Insurers to Rethink Climate Change Risks September 19, 2019 By Lena Masri LONDON — By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in...
Brokers Packaging Cybersecurity with Cyber Insurance September 16, 2019 By Jim Sams Insurance retailers are teaming up with tech wizards to sell cybersecurity along with cyber coverage as a means of trimming...