Risk
Typhoon Melor Kills Four, Leaves Millions in Philippines Without Electricity
Schools were shut in the greater Manila area and nearby cities as Typhoon Melor triggered a storm that paralyzed traffic with floods across the Philippine capital, the government said. The typhoon, ...
AXIS Opening New Office in Dubai
AXIS Capital Holdings is looking to Dubai to help spur its next expansion phase. The Bermuda-based specialty insurer and reinsurer said its wholly owned subsidiary AXIS Re SE won a license from the ...
Clear Blue, New U.S. Commercial Insurance Fronting Outfit, Rolls Out Nationally
A newly-formed commercial insurance fronting provider, Clear Blue Financial Holdings LLC, said it has officially launched with two fully-licensed fronting carriers and will begin servicing clients ...
PwC Board Survey: Majority of Large Insurers Have Risk Committees, CROs
Property/casualty insurance company senior executives aren't the only carrier leaders overwhelmed by multiple demands on their time. Members of P/C insurer boards of directors are similarly ...
Concord Group Insurance Pool Elicits A.M. Best Ratings Downgrade
Members of the Concord Group Insurance Pool are facing ratings downgrades from A.M. Best. The main reason: an "inconsistent" operating performance. What that means is that pool members Concord ...
Chinese Online Property Insurer ZhongAn Tops List of Financial Technology Innovators
Chinese online property insurer ZhongAn has topped a list of financial technology (fintech) innovation companies, leading a strong showing by Chinese firms this year amid increased funding and ...
Q3 Was a Flat Quarter for Commercial Insurance Prices: Towers Watson
Workers compensation, commercial property and directors and officers insurance all experienced price decreases in the 2015 third quarter, during a period where commercial insurance prices overall ...
Buffett’s Berkshire Hathaway Further Pulls Back from Munich Re Investment
Warren Buffett's Berkshire Hathaway Inc. further reduced its stake in Munich Re as the billionaire investor re-evaluates the attractiveness of the reinsurance market. The holding was trimmed to 4.6 ...