Markets
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Hurricane Losses Will Be “Borne By Our Clients”: Marsh CEO
Hurricane Helene and Milton won't singnicantly impact reinsurers balance sheets.
Markets
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Markets
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Axis Takes $425M Reserve Hit Following Strategy Shift
Bermuda-based Axis said that inflationary pressures were hitting legacy claims.
Schiff Introduces Bill For a $50B Federal Catastrophe Reinsurance Program
Schiff, who is also the leading Democratic candidate for Senate, joined other progressives in calling for a federal all perils backstop.
Business Can’t Rely On Private Market Insurance In the Next Pandemic
Both capital capacity and modeling limitations mean that the private insurance and reinsurance industry will sit on the sidelines of global pandemics.
