UK’s Aviva Gives Lower-Paid Staff £1,000 to Help Pay Soaring Energy Bills August 11, 2022 By Will Louch and Dani Burger UK insurer Aviva Plc is the latest financial firm to give some of its staff a one-time payment to help...
Admiral Sees Cost of Motor Claims Running High in Britain and U.S. August 10, 2022 By Carolyn Cohn and Huw Jones The cost of paying auto claims is running particularly high in Britain and the United States, insurer Admiral’s chief said...
Chubb Increases Loss Cost Trends ‘Rather Than Be Lagging and Get Caught’: Greenberg July 28, 2022 By Chad Hemenway Chubb CEO Evan Greenberg said the insurer is seeing favorable returns, but additional rate is needed to “keep pace with...
Global Premiums Will Eclipse $7 Trillion for First Time by End of Year: Swiss Re July 14, 2022 Swiss Re’s economists predict “inflationary recessions” hitting major world economies over the next 12-18 months, and while recessions spell less...
Most U.S. Small Businesses Worry Recession is Coming July 13, 2022 By David Lawder Some 93% of small business owners are worried that the United States will enter a recession in the next six...
Consumers See Inflation Picking Up in Year Ahead but Moderating Over Longer Term July 12, 2022 By Dan Burns U.S. consumers see inflation rising further in the year ahead but expect a more moderate pace over the longer term...
Jobs Blowout Cements Case for Another Big Fed Rate Hike July 8, 2022 By Howard Schneider and Ann Saphir Another blowout jobs number and continued wage growth will likely stiffen resolve at the Federal Reserve for another three-quarter point...
Getting the Measure of Inflation for the (Re)insurance Industry June 30, 2022 By Matt Bussmann This content was recently published in the Blogs section of RMS’ website. It is republished here with permission. Since the...
Turkish Insurers Seek Bond Issue to Protect Capital From Soaring Inflation June 30, 2022 By Birsen Altayli and Zeynep Berkem Turkey’s insurance association is in talks with the country’s Treasury on a potential inflation-indexed bond issue, the group’s head told...
Many Business Leaders Feel Unprepared for Growing Geopolitical Risks, Inflation June 14, 2022 By L.S. Howard Many business leaders feel unprepared for growing geopolitical risks and inflation, according to a report published by Beazley. “Across the...