Underwriting
Zurich, in Cost-Cutting Move, Will Transfer German Legacy Malpractice Book to Catalina
Zurich Insurance Group said it will transfer its German legacy medical malpractice book to Bermuda-based Catalina for an undisclosed price. The portfolio represented $450 million of reserves as of ...
Britain’s Legal & General Is Expanding Into Japan
British's third-largest insurer, Legal & General, is launching an operation in Japan to offer company pension scheme insurance and investment management, Chief Executive Nigel Wilson said on ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
AmTrust Raising $950M by Selling Stake in Some Businesses to Private Equity Firm
AmTrust Financial Services will make about $950 million by selling a majority equity interest in some of its U.S.-based fee businesses to private equity firm Madison Dearborn Partners. Barry Zyzkind, ...
A Market Correction is Coming in 2018: Willis Towers Watson Prediction
Thanks largely to Hurricanes Harvey, Irma and Maria, commercial insurance buyers will face a market correction in 2018, Willis Towers Watson asserts in its 2018 Marketplace Realities report. In other ...
Fracking Poised to Resume in UK, 6 Years After Tremors Halted the Practice
Six years after Britain's first fracking operation was stymied by earth tremors, its shale gas industry is poised to try again with a technology that could transform the UK gas market and drastically ...
UK Regulator Launch Investigation of Wholesale Insurance Brokers
Britain's financial services industry regulator is to launch later this week a long-promised investigation into competition in the wholesale insurance broking market, where one top executive has ...
Hurricanes, Quakes Hammer Berkshire Hathaway’s GEICO, Gen Re, Other Insurance Units
Bad weather hurt Warren Buffett's Berkshire Hathaway Inc in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent ...
New Judicial Appointments Could Help Curb Shareholder Suits, Reduce D&O Losses
Directors and officers insurance has faced major losses in recent years due, in part, to what some call a significant increase in shareholder securities class action lawsuits. But a slew of new ...