Industry News
Climate, Geopolitical Conflict and Cyber Risks Top Concerns in Latest AXA Survey
Managing complex risks, nimble decision-making amid rapid technological advances and increasingly interconnected risks are top concerns, a recent AXA Future Risks Report outlined. The annual survey ...
Cuba’s Electrical Grid Down After Hit From Hurricane Rafael
Cuban authorities struggled to return power to the island on Thursday morning after Hurricane Rafael knocked out the country`s electrical grid, leaving 10 million people ...
How Trump’s Second Administration Affects Business: Musk, Tariffs and More
Donald Trump's return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including ...
Chaucer Offers Nuclear Power Stations Insurance for Cyber Attacks
Chaucer has launched a new nuclear insurance policy that provides nuclear power plants (NPP) with insurance cover for cyber attacks. Called CyNuC, the malicious act cyber insurance policy was ...
AIG CEO Zaffino on Approach to Catastrophe Losses in Today’s Reinsurance Market
American International Group CEO Peter Zaffino said he expects the reinsurance market to remain above losses generated by the frequency and severity of natural catastrophes. Losses will instead ...
The U.S. Has Sustained 24 Billion-Dollar Disasters in 2024
Since 1980, there have been 400 weather and climate disasters where overall damages/costs reached or exceeded $1 billion (including CPI adjustment to 2024), according to the National Centers for ...
More Than Half of All Employees in Finance, Insurance Work Remotely: Triple-I
Data as of September 24, 2024, shows that 63.7 percent of workers in Finance and Industry spend some of their time in a remote work environment. The analysis, conducted by the Triple-I, shows that ...
AIG General Insurance Underwriting Profit Falls 28% in Q3
American International Group saw third-quarter underwriting income in its general insurance segment fall 28 percent to $437 million due to higher catastrophe losses and lower favorable development on ...
Executives on the Move at Kettle, Aon, Lloyd’s
Kettle names a new chief executive officer. Aon appoints a chief underwriting officer for AUM. Lloyd's announces a change in chief people officer role.