Underwriting
Blame Global Warming for Recent U.S. Cold Snap Surges
Because the world is getting warmer, it's getting colder, too. Crazy as that sounds, there's an explanation in the northernmost corner of the the planet, where temperatures are rising twice as fast ...
Expect More (Near) Record Cat Bond Momentum in 2018: Aon Securities
Aon Securities believes that the record catastrophe bond issuance reached in 2017 is not necessarily a one-time deal. The firm said it predicts issuance will follow a similar momentum in 2018. ...
VW Supervisory Board Seeks Inquiry Into German Automaker Diesel Fume Tests Involving Monkeys
Members of Volkswagen's supervisory board have called for an inquiry into tests in which monkeys were exposed to toxic diesel fumes, German media reported on Monday. The New York Times reported on ...
Nestle Settles Suit Against Atari Over Kit Kat Candy Bar Campaign
Nestle SA has settled a lawsuit in which Atari SA accused the Swiss food company of using the hit 1970s video game "Breakout" without permission to sell Kit Kat bars. U.S. District Judge Yvonne ...
Despite Catastrophe Onslaught, Capital Market Still Bullish for ILS: Willis Towers Watson
The insurance linked securities sector is set for another year of growth as the market recovers from 2017's natural disasters, replaces lost capital and investors show mounting interest in ILS ...
U.S. Tax Cuts Will Test Bermuda’s Insurance/Reinsurance Model: Fitch
The Bermuda insurance/reinsurance model will be tested following U.S. tax forms and the continuing challenges of competitive market conditions, according to a report by Fitch Ratings. The cut in the ...
Aspen Insurance CEO Postlewhite Out, Cohen In; Q4 Underwriting Losses Disappoint
The head of Aspen Insurance has departed the company, a day after an announcement of disappointing preliminary Q4 financial results. CEO Stephen Postlewhite is departing immediately, Aspen said on ...
With Climate Change, Uninsurable Basements Are in New York and Mumbai’s Future
Private property below ground in New York and Mumbai may not be insurable in the next decade if climate change advances, the head of one of Europe's largest insurers said. "If you go much further to ...