Climate Change Is Hurting Insurance Industry: Report May 17, 2022 Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini...
Natural Disasters, Ukraine War Weigh on Q1 Results of Europe’s Major Reinsurers May 16, 2022 By L.S. Howard Three out of four of the major European reinsurers reported their profits were negatively affected as a result of elevated...
Russia’s Aeroflot Buys 8 Stranded Airbus A330 Aircraft From Leasing Firms May 16, 2022 By Kevin Liffey Russia’s biggest airline, Aeroflot, said on Friday it had bought eight Airbus A330 aircraft from foreign leasing companies “as part...
Study Links Cleaner Air to More Atlantic Hurricanes May 13, 2022 By Seth Borenstein Cleaner air in United States and Europe is brewing more Atlantic hurricanes, a new U.S. government study found. The National...
Multiple Marine Insurance Claims Expected From War in Ukraine: Allianz May 10, 2022 By Jonathan Saul Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine...
Insurer Aviva Urges UK Government to Detail How It Will Reach Net Zero Emissions May 6, 2022 By Alastair Marsh The British government should practice what it preaches on net-zero emissions, according to insurer Aviva Plc and conservation group WWF....
Financial Services Firms Face Losses of $225B From Variety of Water Risks: Report May 5, 2022 By Simon Jessop and Tommy Wilkes Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing...
Global Insurance Rates Continue to Moderate in Q1 – With the Exception of Cyber April 28, 2022 Global commercial insurance prices rose 11% in the first quarter of 2022, marking the fifth consecutive reduction in rate increases...
Climate Change Could Put 4% of Global GDP at Risk by 2050: S&P Study April 27, 2022 By Marc Jones Climate change could see 4% of global annual economic output lost by 2050 and hit many poorer parts of the...
London Market Continues to Benefit From Rising Rates and Other Tailwinds: AM Best April 26, 2022 Upward premium rate momentum is expected to continue support underlying performance for the London market, despite mounting challenges connected to...