Article 0 Comments Europe’s four largest reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR – are maintaining their appetite for property-catastrophe risks as well as their ambitious profit targets for 2025 –...
Article 0 Comments Governments and employers should take urgent action to help protect the health of workers who are increasingly exposed to extreme heat, the United Nations said on Friday. Climate change is making...
Article 0 Comments How hot can a heat wave really get? Before June 2021, scientists thought they knew. That’s when one of the most extreme heat spikes ever observed hit western North America, leaving...
Article 0 Comments A fire that shut London’s Heathrow airport in March, stranding thousands of people, was caused by the UK power grid’s failure to maintain an electricity substation, an official report said on...
Article 0 Comments The U.S. excess and surplus (E&S) lines market continues to offer profitable growth opportunities for insurers and reinsurers in the London market – which could help counteract some possible headwinds, according...
Article 0 Comments The April reinsurance renewals saw a competitive, buyer-friendly market with plentiful capacity and price reductions for loss-free accounts – in a continuation of the favorable market conditions seen in January, according...
Article 0 Comments A new study disputes a long-held fear that climate change will lead to a quick, total collapse of the Atlantic Meridional Overturning Circulation (AMOC), the ocean current that brings warmth to...
Article 0 Comments Earth’s warming exceeded 1.5C on an annual basis for the first time in 2024, according to two major climate science agencies. It’s the most potent evidence yet that countries are failing...
Article 0 Comments Premiums for policies covering new energy vehicles in China have soared to $13.8 billion—a six-fold jump from the level recorded five years earlier, AM Best said in a special report. According...
Article 0 Comments Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, according to Insure...
