Swiss regulator opens enforcement proceedings against Zurich Insurance, bars sales of some new policies

Swiss regulator opens enforcement proceedings against Zurich Insurance, bars sales of some new policies

“The regret is that we should have found it ourselves, which we didn’t despite all the audits and checks that we do. Remediation steps hadn’t been followed, which led to the enforcement proceeding, Chief Executive Officer Mario Greco Zurich Insurance said on Monday...
Why El Niño’s promise of quieter Hurricane Season may not be good news for insurers

Why El Niño’s promise of quieter Hurricane Season may not be good news for insurers

“All it takes is one landfalling hurricane to create an insured loss of a magnitude we’ve never seen before … And that could absolutely happen in an El Niño year,” said Kimberly Roberts, advisory leader of North American peril at reinsurance broker Guy Carpenter For...