August 31, 2017
Two toddlers were among 14 people killed in Mumbai after floods caused by heavy monsoon rains destroyed homes and disrupted traffic in India’s financial capital, police said, but lighter-than-feared rain on Wednesday helped relief efforts. More than 1,200 people have …
February 23, 2016
Swiss Re AG reported fourth-quarter profit that beat estimates after a quiet year for natural catastrophes and announced that Christian Mumenthaler, head of the company’s main reinsurance unit, will take over as chief executive officer on July 1. Net income …
December 3, 2015
As the flood-ravaged Indian city of Chennai prayed for respite from torrential rains, a trade body said losses to businesses from the record downpour could reach more than 150 billion rupees ($2.2 billion).* Water discharged from overflowing lakes and reservoirs …