Risk
Wills Re North America Head Sees Possibilities at NAMIC Conference
As the National Association of Mutual Insurance Companies' annual conference got underway this week, Willis Re North America President James Kent said he was bullish about the possibilities for his ...
Lone Wolf Terrorist Attacks Not More Frequent But Targets Changing: Indiana State Research
Lone wolf terrorist attacks are not on the rise as popular culture might lead one to believe—but the attacks are changing for the worse, according to research by an Indiana State University ...
Europe Beats U.S. in M&A Insurance Industry Deals: Clyde & Co.
Insurance and reinsurance industry M&A deals have picked up a bit in Europe and elsewhere. But they keep declining in the U.S., continuing to deny it the lead in a space it has typically ...
Moody’s, A.M. Best See a Slowing Surplus Lines Market
Two insurance rating entities see slowing rate increases for the surplus lines segment in the coming months, as competition grows and rate hikes slow. Moody's Investors Service said that the U.S. ...
Swiss Re is Pulling Back From Catastrophe Coverage
Swiss Re Ltd., the world's No. 2 reinsurer, is cutting back on catastrophe coverage and moving into new lines of business as low interest rates and fewer natural disasters undercut prices. "The super ...
Beazley: Cyber Breaches are Small in Number But Growing
Specialty insurer Beazley has identified the most common source of data breaches, and they're not all in the cyber world. Most come from misdirected emails and faxes and the loss of paper records, ...
Berkshire Hathaway Specialty Insurance Names Parente to Head New Life Sciences Business
Berkshire Hathaway Specialty Insurance announced Thursday that it is expanding its underwriting capabilities to address life sciences industry risks and has named John Parente to head the area. The ...
Citigroup Dives Deeper Into Derivatives Risks
In the past five years, the firm that took the largest U.S. bank bailout of the financial crisis increased the total amount of derivatives on its books by 69 percent, surpassing most U.S. peers and ...