Insurance News

Posts Tagged ‘risks

Failure to achieve a binding agreement at the United Nations Framework Convention on Climate Change held in Copenhagen, Denmark last December has left insurers with no clear direction to address the growing risk from global warming, according to industry observers.

?It is fair to say that Copenhagen did not deliver the full agreement the world needs to address the collective climate change challenge, and that just makes the task at hand Read the rest of this entry »

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NEW YORK (Reuters) – As hurricane season kicks off and the economic recession continues to take a toll on economies worldwide, reinsurers must make sure they are sitting on a bigger capital cushion, said executives at an insurance conference on Tuesday.

“This is the year you don’t bet the bank. You preserve capital,” said John Charman, chief executive of Bermuda-based insurer and reinsurer Axis Capital (AXS.N: Quote, Profile, Research, Read the rest of this entry »