Key Emerging Risks: Cascading Effects of Natural Disasters, Supply Chain Resilience June 12, 2024 By L.S. Howard Key emerging risks facing global economies, businesses and the re/insurance industry include the cascading effects of natural disasters, the weakening...
Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses May 20, 2024 By L.S. Howard Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of...
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon May 20, 2024 By L.S. Howard Global natural catastrophes cost insurers $17 billion during the first quarter of 2024 with economic losses rising above $45 billion,...
Swiss Re to Withdraw From Digital Insurer iptiQ, Reports Strong Q1 Net Income of $1.1B May 16, 2024 By L.S. Howard Swiss Re announced plans to withdraw from its digital B2B2C insurance business, iptiQ, following a strategic review. The iptiQ business...
AXA’s Q1 Revenues Rise 6%, Led by P/C Business Growth May 3, 2024 By L.S. Howard AXA, Europe’s second-largest insurer, reported a 6% increase in total revenue during the first quarter to €34 billion ($36.4 billion),...
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon April 30, 2024 By L.S. Howard Global natural catastrophes cost insurers $17 billion during the first quarter of 2024 with economic losses rising above $45 billion,...
Fleming Acquires James River’s Casualty Reinsurance Business, Ending Legal Dispute April 19, 2024 By L.S. Howard James River Group Holdings Ltd. announced that Fleming Intermediate Holdings has completed the $277 million acquisition of James River’s casualty...
Global Insured Natural Disaster Claims Again Dominated by Severe US Storms: Gallagher April 18, 2024 By L.S. Howard Global insured losses from natural catastrophes in the first quarter were estimated at $20 billion, with US claims accounting for...
A Turnaround Story: Boost People, Then Financial Results, Aspen CEO Says April 16, 2024 By L.S. Howard Executive Summary: When Mark Cloutier took the helm of Aspen to return the company to profitability, he knew a vital...
The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re April 15, 2024 By L.S. Howard Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year –...