Risk
Hiscox’s ILS Assets Surpass $600 Million With Cardinal Re Launch
Kiskadee Investment Managers, Hiscox Re's insurance linked securities (ILS) operation, has launched Cardinal Re Ltd., a Bermuda-domiciled special purpose insurer designed to transform collateralized ...
AIR Worldwide: Insurers Can Gain by Confronting Gap Between Insured and Economic Losses
While there's a significant global gap between disaster-related insured and economic losses, the dichotomy between both presents a growth opportunity for P/C carriers, AIR Worldwide concluded in a ...
Travelers CEO Fishman: U.S. Tax Rates Push Rivals to Bermuda and Elsewhere
Jay Fishman, who built New York-based Travelers Cos. into one of the world's biggest insurers, lamented that disparities in tax rates are pushing established rivals and industry newcomers outside the ...
California Wildfires Could Produce Record Insured Losses: Munich Re America
Two major Northern California wildfires destroyed more than 1,000 structures as of early morning on Sept. 16, and Munich Re America said the ongoing crisis could eventually cause historic levels of ...
P/C Insurance M&A Is Growing Rapidly With No Sign of Letting Up
Clyde & Co. and A.M. Best quell any remaining doubts about the return and acceleration of high-profile insurance/reinsurance M&A deals in two new reports. What's more, while transactions are ...
California Wildfires Damage 5 Calpine-Owned Power Plants
A California wildfire damaged five power plants at Calpine Corp.'s Geysers geothermal complex in Lake and Sonoma Counties. The so-called Valley Fire burned local power distribution lines, cooling ...
Hanover CEO Eppinger is Leaving After 12 Years; Replacement Search Has Begun
The Hanover Insurance Group's longtime CEO is stepping down, and a search for his replacement at the Massachusetts property/casualty insurer has already begun. Frederick Eppinger plans to remain in ...
Reinsurers at Monaco Meeting Question Pricey M&A in Wake of Amlin Deal
Global reinsurance executives who met in Monaco questioned whether a frenzy of mergers in Europe means buyers of Lloyd's of London insurance companies are paying too much. Deal-making will continue ...