Underwriting
Munich Re Shares Dip Due to Equity Investment Losses, Restructuring Charges
Munich Re, the world's second-biggest reinsurer, revised its full-year profit target to include restructuring charges at its primary insurance unit and losses on equity investments that hit ...
The Hanover’s Q1 Net Income Jumps 42%, Thanks to Lower Catastrophe Losses
Lower catastrophe losses led to a surge in net income for The Hanover Insurance Group Inc. during the first three months of 2016. The Worcester, MA-based insurer reported net income of $78.2 million ...
Workers Comp Market Further Improves Profit and Health in 2015: NCCI
The workers' compensation market is healthy and profitable. This year's "State of the Line" report, published by the National Council of Compensation Insurance (NCCI), indicates that the workers' ...
AIG Again Dips into ILS Financing for Mortgage Insurance Arm
AIG has nailed down nearly $300 million of indemnity reinsurance coverage for its mortgage insurance business, expanding on its initial use of ILS financing for the division nearly a year ago. The ...
Expect Wide Global Adoption of Telematics-Based Auto Insurance: Study
Global use of usage-based auto insurance will explode in the next 7 years, a new industry analysis asserts. IHS Inc.'s IHS Automotive said that 142 million customers will sign up globally for the ...
Insurers Will Both Suffer and Endure in Wake of Alberta Wildfires: Ratings Reports
While the wildfires raging through northern Alberta and the city of Fort McMurray could bring one of the largest catastrophe losses in Canadian history, property insurers are resilient, according to ...
Soft Market Will Continue to Drive Down Reinsurer Profits in 2016: Fitch
Global reinsurance sector profits in 2016 will fall below 2015 levels as soft market rates, low investment income and an over-supply of capital continue to take their toll on the market, according to ...
Drones Deployed to Find Cause of Alberta Wildfire
Fire-ravaged Alberta will use drones to investigate the cause of a huge blaze that has scorched the Canadian province and displaced some 88,000 people. Elevated Robotic Services, which has also ...