Canada Faces Mega-Hurricanes if Climate Change Pushes Storms North: Swiss Re Warns May 21, 2021 By Danielle Bochove Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada’s homeowners, businesses...
Nearly Two-Thirds of Global Catastrophe Economic Losses Unaddressed by Insurance January 25, 2021 There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion – 8% above...
RenaissanceRe Creates Environmental, Social and Governance (ESG) Strategic Areas January 13, 2021 RenaissanceRe Holdings Ltd. has announced three strategic focus areas as part of its Environmental, Social and Governance (ESG) strategy: Promoting...
It Would Take P/C Insurers 150 Years to Pay COVID-19 Business Interruption Losses October 30, 2020 By L.S. Howard The world’s property/casualty insurers would have to collect business interruption insurance premiums for 150 years in order to absorb the...
MGA New Paradigm Aims to Bridge the Natural Catastrophe Protection Gap September 29, 2020 By L.S. Howard Evan Glassman saw a gap in the property insurance market—literally. Glassman, working as a retail producer in south Florida for...
Bank of England Warns Private Insurers Need Government to Help Narrow Protection Gap September 23, 2020 By Benjamin Robertson and Lucca de Paoli The Bank of England has encouraged the government to work with UK insurers in preparation for future major shocks, rather...
AXA’s Wattez-Richard Receives 1st Geneva Association Women-in-Insurance Award May 15, 2020 The first annual Geneva Association Women in Insurance Award has been presented to Garance Wattez-Richard, CEO of AXA Emerging Customers,...
Willis Research Network Partners with ‘Cloud to Street’ to Raise Flood Resilience May 6, 2020 The Willis Research Network (WRN) has formed a new partnership with “Cloud to Street,” a global flood-mapping and monitoring platform...
Earthquake Hits Croatia, a Month After Another Tremor Causes Damages of $6B April 23, 2020 By Jasmina Kuzmanovic An earthquake rattled Croatia’s capital, a month after a stronger tremor left Zagreb in need of $6 billion for renovation,...
UK Insurers Could See Underwriting Losses After Storms Ciara, Dennis: Fitch February 21, 2020 Losses from storms Ciara and Dennis, which brought strong winds, torrential rain and widespread flooding to the UK, will increase...