Risk
Ironshore Freed From A.M. Best’s ‘Under Review’ Status
A.M. Best has changed its mind about Ironshore, removing the Bermuda-based specialty insurer from its status as "under review with negative implications." A year after initially taking action, the ...
XL Group Shareholders Approve Ireland-to-Bermuda HQ Switch
XL Group plc's shareholders approved plans to change its place of incorporation from Ireland to Bermuda, a process it hopes to complete in the 2016 third quarter. That doesn't mean that XL Group is ...
W.R. Berkley Chairman Urges Greater Carrier/Agent Cooperation on Lowering Costs
Partnership and greater efficiency will help lead the way to continued profitability for the property/casualty insurance industry despite a new level of uncertainty globally, according to William R. ...
Lloyd’s Faces Post-Brexit Risks: Fitch Ratings
A British departure from the European Union generally won't harm the country's "resilient" property/casualty insurance sector, though there are some risks in play for Lloyd's members, Fitch Ratings ...
Post-Brexit, UK Insurance Industry Attempts to Calm Nerves
The U.K. joined the European Union in January 1973, and yesterday, the U.K. public voted to leave. After 43 years of marriage, the divorce proceedings will soon begin. No one knows how long it will ...
U.K. Chooses EU Exit; Cameron Resigns; Financial Services Face Uncertain Future
The U.K. voted to quit the European Union after more than four decades in a stunning rejection of the continent's postwar political and economic order, prompting Prime Minister David Cameron to ...
VW Must Fork Over $10B-Plus to Settle U.S. Emissions Scandal
Volkswagen AG will pay more than $10 billion to settle claims by nearly 500,000 owners stemming from its U.S. diesel emissions cheating scandal and fund efforts to offset pollution, three sources ...
Key to Better Cyber Coverage: Make Underwriters and Techies Talk More
As insurers continue their push to meet fast-evolving cyber insurance demands, the coverage thus far appears to fall far short of what is still needed. This could change if underwriters and ...