Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits August 24, 2022 U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases...
Rising Inflation to Hit Profits of European P/C Insurers: GlobalData August 23, 2022 Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in 25 years, will hurt the profitability...
Europe’s Drought May Be Worst in 500 Years: Report August 23, 2022 Europe is currently in the throes of a drought that appears to be the worst in at least 500 years,...
Reinsurance Capital To Drop $40 Billion at Year-End 2022: AM Best August 22, 2022 AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after...
Insured Losses From February’s European Windstorms Estimated at €3.7B: PERILS August 19, 2022 Insured losses for the European windstorm series, which affected the British Isles and continental Europe in February 2022, are estimated...
U.S. Businesses in Taiwan See Limited Impact From Tensions With China August 19, 2022 Most members surveyed by the American Chamber of Commerce in Taiwan said they had not been significantly affected by recent...
Munich Re Keeps No. 1 Spot in Ranking of 50 Global Reinsurers, With Swiss Re at No. 2 August 17, 2022 Munich Re for the second-straight year holds the top spot in AM Best’s annual ranking of the Top 50 Global...
London Workers Could Save Money by Returning to Offices as Bills Soar: Research August 17, 2022 By Olivia Fletcher City of London workers looking to save money may want to embrace the office over winter as the cost of...
Financial Services Companies Urged to Hire More Working-Class Managers August 16, 2022 By Huw Jones Financial services companies should set “stretching targets” for appointing people from working class backgrounds to senior positions, a UK government-sponsored...
Lingering La Niña Weather Phenomenon Boosts Threat of More Atlantic Hurricanes August 15, 2022 By Will Wade The odds of La Niña hanging around for a few more months are climbing, bolstering chances of more storms as...