Following Hurricane Katrina in 2005, former U.S. Vice President Al Gore described it as “the first taste of a bitter cup that will be proffered to us over and over again.” That devastating event killed more than 1,800 people and …
New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. European insurers, reinsurers, brokers and shipping firms have been …
There’s a surefire way to get more people to believe in global warming. Just crank up the heat. A larger percentage of Americans say there is “solid evidence” of global warming than at any time since 2008, when the University …
Global insurance premiums continued to rise in 2017 with emerging markets leading the way, according to a study published by Swiss Re Institute’s sigma, which is celebrating its 50th anniversary of market research. Global insurance premiums increased 1.5 percent in …
Swiss Re announced it no longer is providing re/insurance to businesses with more than 30 percent exposure to thermal coal across all lines of business. The thermal coal policy applies to both existing and new thermal coal mines and power …
Underwriting performance in global engineering insurance has deteriorated over recent years – on declining premiums and rising claims in some construction sectors due to poor quality control, according to Swiss Re in its latest sigma study. “Some engineering insurers’ profit …
Monica Ningen has been appointed president and chief executive officer of Swiss Re Canada and English Caribbean. Ningen succeeds Veronica Scotti, who has been named chairperson for Global Partnerships. Ningen has 20 years of experience in the re/insurance industry. She …
Swiss Re Corporate Solutions has announced the creation of a standalone excess and surplus (E&S) business unit in North America. This unit will include Swiss Re’s traditional E&S property and E&S casualty groups, which will be fortified with the addition …
SoftBank Group Corp. borrowed about $8 billion through a margin loan backed by its Alibaba Group Holding Ltd. stake as the Japanese technology giant aims to bolster its financial flexibility, according to people familiar with the matter. The loan, guaranteed …
Who wouldn’t want the attention of a billionaire like Masayoshi Son? The SoftBank founder is Japan’s third-richest man, with interests from ride-hailing app Uber to shared-office firm WeWork. So when he was reported to be eyeing a 25 percent stake …
