Aspen Becomes 17th Insurer to Stop Insuring Canada’s Trans Mountain Pipeline April 21, 2022 By L.S. Howard Lloyd’s of London syndicate Aspen Insurance has decided to cut ties with the existing Trans Mountain pipeline when its current...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon April 18, 2022 By L.S. Howard Preliminary economic losses from natural hazards billion during the first quarter of 2022 totaled $32, of which less than 50%...
Secondary Perils Responsible for Growing Share of Disaster Claims: RMS April 18, 2022 By L.S. Howard Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled...
Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re April 18, 2022 By L.S. Howard More than 50 severe flood events around the world caused combined economic losses of $82 billion in 2021, while insured...
Malloy Departs SiriusPoint, a Year After Company’s Launch April 8, 2022 By L.S. Howard Dan Malloy has left SiriusPoint Ltd., a year after the company was formed from the merger of specialty reinsurer Third...
Secondary Perils Responsible for Growing Share of Disaster Claims: RMS April 8, 2022 By L.S. Howard Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled...
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B April 1, 2022 By L.S. Howard Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume...
Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re March 30, 2022 By L.S. Howard More than 50 severe flood events around the world caused combined economic losses of US$82 billion in 2021, while insured...
Zurich Removes ‘Z’ From Social Media Branding as Russia Uses Symbol in Ukraine War March 30, 2022 By L.S. Howard Zurich Insurance said it has removed the letter “Z” from its social media branding as a result of Russia’s use...
Vienna Insurance Group Completes Purchase of Aegon’s Hungary Business for €620M March 24, 2022 By L.S. Howard Vienna Insurance Group (VIG) acquired the business of the Dutch insurer Aegon in Hungary for €620 million ($682.6 million) after...