Insurance Industry Heading to Faster Recovery than After 2008 Financial Crisis: Swiss Re July 26, 2021 By Alwyn Scott The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the...
London Staff Want Big Pay Raises Before Returning to Their Desks Full-Time: Survey July 23, 2021 By Eamon Akil Farhat London office workers want an average pay rise equivalent to the cost of some annual railway season tickets to return...
Germany’s Floods Will See ‘Sizable’ Protection Gap. Could Insurance Demand Increase? July 22, 2021 By L.S. Howard With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany’s...
First Half Insured Losses From Natural Disasters Reach 10-Year High July 21, 2021 Insured losses from natural disasters hit a 10-year high of $42 billion in the first half of 2021, with the...
Advisory Firms Aite Group and Novarica Merge with Backing From Pamlico July 21, 2021 Two Boston, Mass.-based advisory and research firms for the insurance industry are now one. Aite Group and Novarica Inc. said...
Casualty Proves to Be a Good Diversifier for Reinsurers: Aon July 21, 2021 Casualty is proving its value as a good diversifier for reinsurers, especially given the positive primary rate movement seen in...
German Floods Will Be Expensive but Unlikely to Burn Through Insurers’ Earnings: Fitch July 20, 2021 The recent severe floods in Germany could add up to 5 percentage points to German non-life insurers’ net combined ratios...
Number of Women on Boards of UK’s Top Financial Firms Rises to 32%: Report July 19, 2021 By Simon Jessop The proportion of women on the board at 200 of Britain’s top financial firms has risen to nearly a third...
Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom July 16, 2021 By L.S. Howard Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines...
‘Sunny Day’ Floods Will Increasingly Inundate U.S. Coasts as Sea Levels Rise: NOAA July 15, 2021 By Brian K. Sullivan Record high-tide flooding washed over U.S. coasts in the past year, and rising sea levels are expected to send the...