World Bank Seeks to Restart Cat Bond Issuance to Boost Emerging Nations’ Resilience December 7, 2022 By Esteban Duarte The World Bank is looking to restart the issuance of catastrophe bonds to help developing countries improve their preparedness for...
Hurricane Ian Drives Global Insured Losses of $115B From Natural Disasters: Swiss Re December 1, 2022 By L.S. Howard Hurricane Ian and other natural catastrophes, such as European winter storms, floods in Australia and hailstorms in France and the...
Swiss Re Posts Q3 Loss on Hit From Hurricane Ian, Signals Price Hikes October 28, 2022 Swiss Re reported a third-quarter loss of $442 million driven by claims tied to the damage from hurricane Ian, and...
Swiss Re Expects Claims From Hurricane Ian to Bring Q3 Loss October 18, 2022 Swiss Re forecast on Tuesday a third-quarter net loss of around $500 million after the reinsurance company absorbed preliminary claims...
Taming Global Supply Chain Risks, Holistically September 29, 2022 By L.S. Howard While supply chain risks are insurable, many products do not cover non-damage business interruption, and companies could find they aren’t...
Supply Chain Restructuring to Generate $33B in Commercial P/C Premiums by 2026: Swiss Re September 14, 2022 By Kimberly Tallon Swiss Re predicts that deglobalization will generate $33 billion in new commercial property/casualty insurance premiums by 2026, according to its...
Low Rate of Flood Insurance Cover Spells Danger as Climate Crisis Deepens September 2, 2022 By Noor Zainab Hussain and Carolyn Cohn Insured losses from floods doubled to $80 billion globally during 2011-2020 compared to the previous decade, while insurance penetration lingered...
Swiss Re Underwriter Wins Sex Discrimination Suit After Boss Joked About Her Breasts August 26, 2022 By Jonathan Browning A former Swiss Re AG underwriter won her sex discrimination suit after she was left humiliated by a senior manager...
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...
Floods, Storms Drive Global Insured Catastrophe Losses of US$38B in H1 2022: Swiss Re August 2, 2022 A series of winter storms in Europe, record floods in Australia and South Africa as well as a high number...