As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current ...
Baltimore Bridge May Trigger Historic Marine Loss, Says Lloyd's of London
Insurance payouts for the Tuesday's collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to...
Insurance payouts for the Tuesday's collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to...
Article / 1 day ago
UK Court Rules That $10 Billion Jet Dispute Should Be Heard in London, Not Moscow
A $10 billion battle between reinsurers and aircraft leasing companies seeking payouts for more than 200 jets stuck in Russia should be heard in London rather...
A $10 billion battle between reinsurers and aircraft leasing companies seeking payouts for more than 200 jets stuck in Russia should be heard in London rather...
Article / 1 day ago
Foreign Firms' Losses From Exiting Russia Top $107 Billion
The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in writedowns and lost revenue, a Reuters analysis of company filings and...
The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in writedowns and lost revenue, a Reuters analysis of company filings and...
Article / 1 day ago
Insurers, Insureds Must Collaborate to Get Ahead of Social Inflation
Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers are just...
Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers are just...
Article / 15 days ago
Chubb's Greenberg Defends Issuing Bond to Trump in Carroll Case: ‘We Don't Take Sides'
Chubb CEO Evan Greenberg, recognizing the criticism swirling around his company's involvement in providing Donald Trump with a $91.6 million appeal bond so he...
Chubb CEO Evan Greenberg, recognizing the criticism swirling around his company's involvement in providing Donald Trump with a $91.6 million appeal bond so he...
Article / 15 days ago
What's to Come in 2024: AI Expansion, More Catastrophes, Network Consolidation
No one can predict the future, but insurance professionals are likely the best qualified when it comes to predicting risk. For this special report,...
No one can predict the future, but insurance professionals are likely the best qualified when it comes to predicting risk. For this special report,...
Article / 2 months ago
AXA's CEO Buberl Wants to ‘Scale Up' Corporate Business
AXA SA's Chief Executive Officer Thomas Buberl says he intends to “scale up” the firm's business insuring corporate risks in the next phase of the firm's growth....
AXA SA's Chief Executive Officer Thomas Buberl says he intends to “scale up” the firm's business insuring corporate risks in the next phase of the firm's growth....
Article / 2 months ago
Viewpoint: 5 Global Insurance Trends You Need to Know About in 2024
In the insurance world, 2024 brings forth many challenges and transformative trends. From the escalating global risks, such as climate change and cyber...
In the insurance world, 2024 brings forth many challenges and transformative trends. From the escalating global risks, such as climate change and cyber...
Article / 2 months ago
Marsh: ‘Stable' Q4 Commercial Rate Increase of 2%
Broker Marsh said global commercial insurance rates increased by 2% at renewal in the fourth quarter of 2023, marking the 25th straight quarter of rate increases....
Broker Marsh said global commercial insurance rates increased by 2% at renewal in the fourth quarter of 2023, marking the 25th straight quarter of rate increases....
Article / 2 months ago
Hedge Funds' Mega Returns Set Off Demand Spiral for Catastrophe Bonds
As hedge funds rake in record profits in one of the riskiest corners of the debt market, the products behind those returns are now drawing in more...
As hedge funds rake in record profits in one of the riskiest corners of the debt market, the products behind those returns are now drawing in more...
Article / 2 months ago