Global insurers plan to invest further in the coming years in the growing but opaque private credit market, according to a new report by Moody’s Ratings. In a survey this week of the world’s largest insurers, Moody’s found that nearly …
Each of the past 12 months ranked as the warmest on record in year-on-year comparisons, the EU’s climate change monitoring service said on Wednesday, as U.N. Secretary-General António Guterres called for urgent action to avert “climate hell.” The average global …
More than half of whistleblowers have felt pressured not to use internal hotlines to raise red flags at large global businesses and public bodies, a global EY survey showed. The number of organizations without a whistleblowing hotline has halved since …
Major investors in Australia aren’t responding fast enough to rising threats to infrastructure and other assets from cyclones, floods and other natural disasters, according to a group focused on climate risks. Extreme weather events in the nation in recent years …
Shipping fuel regulations introduced in 2020 have led to a substantial cut in sulfur dioxide (SO2) pollution, but may also have made the ocean warmer by reducing cloud cover, according to a modeling study in a paper published late on …
The U.S. property/casualty insurance segment’s net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest rate environment, according to a new AM Best report. The Best’s Special Report, “U.S. P/C Insurers Achieve Record Investment Income …
Property-catastrophe rates saw some moderating trends during the June 1 reinsurance renewals, with average risk-adjusted rates-on-line decreasing by 5% within a typical range of -7.5% to -2.5%, according to Howden Re, the reinsurance business of Howden. These decreases follow a …
Women make up a smaller proportion of top earners in British financial and professional services than before the COVID-19 pandemic, research from the London School of Economics and Political Science (LSE) showed on Monday. Women made up 19.4% of the …
The U.S. homeowners insurance segment posted its worst underwriting results in over a decade in 2023, according to an analysis by S&P Global Market Intelligence. The net combined ratio for the homeowners business, excluding policyholders’ dividends, was 110.5 in 2023, …
The heavy downpours seen in the UK and Ireland last fall and winter were about 20% worse because of climate change, a new scientific report found. The region saw as many as 14 severe storms between October and March, flooding …
