Underwriting
Insurers Will Pay Unprecedented $135B in Natural Catastrophe Claims for 2017: Munich Re
Insurers will have to pay claims of around $135 billion for 2017, the most ever, following a spate of hurricanes, earthquakes and fires in North America, according to a report published on Thursday. ...
A New Record: Catastrophe Bond Issuance Surpasses $10.5B in 2017
Catastrophe bond issuance surpassed $10.5 billion in 2017 - a new record, according to the latest report from the Property Claims Services Unit of Verisk Insurance Solutions. Results from 2017 are ...
Sompo International to Boost Surety Market Presence With Lexon Acquisition
Sompo International, a Bermuda-based specialty insurer and reinsurer, is making an acquisition designed to boost its presence in the surety market. The transaction will take place through its U.S. ...
Qatar Re Will Acquire Markerstudy Companies Based in Gibraltar
Qatar Reinsurance Co. Ltd. has signed an agreement to buy four Gibraltar-based insurers from Markerstudy Group. Financial details of the deal were not disclosed, but Qatar Re said that Markerstudy ...
Massive Winter Storm Predicted, From Florida to Canada
The worst winter storm of the season threatens to bring snow, ice and cold from Nova Scotia to Florida, including a foot or more in Boston and a few inches in Manhattan. Winter storm warnings and ...
Airbnb Defeats Apartment Complex Lawsuit Concerning Unauthorized Subleases
Airbnb Inc. defeated a lawsuit by Apartment Investment & Management Co., one of the largest residential landlords in the U.S., alleging that the online home-sharing marketplace enables tenants to ...
UK Official Warns EU Can’t ‘Cherry Pick’ Post-Brexit Trade Deal
The European Union can't pick and choose which bits of its economic relationship with Britain it maintains and which it eliminates in any future trade deal, U.K. Brexit Secretary David Davis said, ...
While P/C Insurers Stand to Gain From Trump Tax Cuts, Reaction Not All Rosy
Many insurers and insurance agencies will gain big from the massive tax reform package passed by Congress just before Christmas. Many industry groups celebrated the bill's passage and its ...