April 6, 2022
The world’s cities are a big driver of planet-warming emissions but can play a major role in addressing climate change in the near future. U.N. scientists on Monday laid out ways to rein in emissions and curb climate change, including …
April 5, 2022
The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact on primary insurers’ balance sheets, according to an AM Best report. The flooding brought widespread damage to regions of New …
April 5, 2022
Insurers want to put more money into private equity this year as they contend with rising inflation and its effects on monetary policy, a survey by Goldman Sachs Asset Management showed on Monday. More than 40% of insurers plan to …
April 4, 2022
With buyers’ needs for capacity stable and remaining within the collective appetites of reinsurers, April 1 reinsurance renewals were orderly, according to a broker report, which points to inflation discussions and sanction exclusion wording as notable highlights. “Inflation remains a …
April 1, 2022
Reinsurers have boosted their 2022 probable maximum loss (PML) exposures as higher prices continues to attract more capital to property-catastrophe risks, according to Moody’s Investors Service. Reinsurers’ public disclosures of their Jan. 1, 2022 modeled probable maximum loss (PML) exposures …
April 1, 2022
Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50% of those claims, according to a report published by S&P Global Ratings. While recent articles in the press have …
March 30, 2022
AerCap Holdings NV, the world’s largest aircraft-leasing firm, is seeking about $3.5 billion from insurers related to jets and engines stuck in Russia following the invasion of Ukraine. The claims were filed last week, Chief Financial Officer Peter Juhas said …
March 30, 2022
More than 50 severe flood events around the world caused combined economic losses of US$82 billion in 2021, while insured losses stood at slightly more than US$20 billion – more evidence of a large ongoing global insurance protection gap of …
March 30, 2022
Aircraft leasing firms are tallying up losses stemming from Russia’s invasion of Ukraine, according to the head of Avolon Holdings Ltd., one of the biggest players in the industry. Lessors are in dialogue with auditors “about what financial provisions should …
March 29, 2022
Russian airlines could be frozen out of the aircraft leasing market well beyond the Ukraine conflict, one of the industry’s biggest players warned on Tuesday, blaming what executives have described as a default involving hundreds of Western jets. Global leasing …