A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be skewed against some issuers. Catastrophe bonds, which are issued by insurers, reinsurers and governments seeking an extra layer of disaster …
A European Union satellite mapping agency says 104 square kilometers (40 square miles) of land was burned northeast of Athens this week during a deadly wildfire that gutted scores of homes and prompted multiple countries to send assistance. The Copernicus …
When Turkish lender Denizbank paid more than $350 million for the building that houses its headquarters in April, the purchase cemented the bank’s place in Istanbul’s most expensive commercial district. Yet, almost as soon as the ink had dried on …
Shipping containers bound for Thailand allegedly filled with tons of hazardous industrial waste from Albania are now slated to return to Europe, after environmental groups sounded the alarm they were being illegally exported to Southeast Asia. An A.P. Moller-Maersk A/S …
Ernesto strengthened into a Category 2 hurricane as it plowed northward toward Bermuda, threatening to drench the British territory with heavy rain and unleash flash floods. The storm was 410 miles (660 kilometers) south-southwest of Bermuda according to an advisory …
The World Health Organization has declared that an outbreak of mpox, a viral infection that spreads through close contact, represents a global health emergency for the second time in two years. Here’s what that means. WHAT IS A GLOBAL HEALTH …
Changes in the mpox virus are just the latest challenge facing disease trackers trying to contain an outbreak of the virus that’s become a global health emergency. The surge of cases is centered in the Democratic Republic of Congo, a …
This edition of International People Moves details appointments at the insurers Markel and QBE. A summary of these new hires follows here. Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty Markel, the insurance operations within …
Hard reinsurance pricing conditions are likely to last longer than in previous market cycles mainly due to persistently high claims activity from the accumulation of medium-sized disaster losses and secondary perils, according to an AM Best report. As a result, …
Typhoon Ampil grazed Japan’s main island of Honshu on Friday, prompting cancellations of flights and trains in the middle of the country’s peak summer holiday season. Japan Airlines Co. and All Nippon Airways Co. canceled some 90 international flights, impacting …
