Risk
AmTrust Signs $400M Reinsurance Agreement With Premia Re
AmTrust Financial Services inked a reinsurance agreement with Premia Reinsurance Ltd. The cover addresses loss reserve development up to $400 million over the company's stated reserves of $6.59 ...
Auto Insurance Startup Root Expands, Links With Lyft on Car Rental Alternative
Startup telematics-based auto insurer Root is now offering rental coverage in partnership with ridesharing firm Lyft. For policyholders with short-term needs for alternate transportation after an ...
The Latest Launches From Swiss Re/Ping An and Chubb
Swiss Re and Ping An Property & Casualty Insurance Company in China debuted a new product for the China market. Chubb said it has once again updated coverage options for technology companies ...
W.R. Berkley Corp. Sells D. C. Real Estate for $120 Million
W.R. Berkley Corp. has sold a piece of real estate in Washington, D.C. for a sizable price. The Connecticut-based insurer and reinsurer said it will report a realized pre-tax gain of about $120 ...
Insurers May Face $2.5B in Claims With Next WannaCry Cyber Attack
Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global virus could change that. "It's exceptionally likely that we will see an ...
Watsa’s Fairfax Financial Closes ‘Most Significant’ Deal Yet: $4.9B Allied World Acquisition
Fairfax Financial Holdings Ltd., the Toronto-based investment and insurance company, has successfully completed its acquisition of Allied World Assurance Co. Holdings, for $4.9 billion – marking ...
China Insurance Premiums Soared in 2016, Slowed Down Most Other Places
Global insurance premiums increased by 3.1 percent in real terms during 2016, down from growth of 4.3 percent reported in 2015, according to Swiss Re Institute's sigma study. The report described ...
Entertainment Insurance Challenges Laid Bare by Fyre Festival Collapse
Already facing numerous lawsuits, Fyre Festival organizer Billy McFarland was arrested on federal charges last week. The government alleged he defrauded investors who bought into Fyre Media Inc., the ...