Underwriting
A.M. Best Issues Ratings Downgrade For PartnerRe; S&P Goes ‘Negative’
PartnerRe's agreement to be acquired by Italian investment firm EXOR for $6.9 billion rather than merge with AXIS Capital Holdings drew a swift rebuke from A.M. Best, which downgraded its financial ...
Berkshire Hathaway Specialty Targets Australia/New Zealand Marine Insurance Market
Berkshire Hathaway Specialty Insurance Company is diving into marine insurance underwriting in both Australia and New Zealand. BSHI said it has appointed Dimitry Zilberud as head of marine, and Mark ...
XL Catlin Already Realizing Benefits of M&A Deal With Income/Premium Gains
XL Group, corporate parent of the newly merged XL Catlin, saw some real benefits from consolidation in the 2015 second quarter - its first as a combined company. Net income for Q2 reached $915 ...
AIG’s Commercial P/C Underwriting Unit Faced Continued Q2 Struggles
Insurer American International Group Inc reported a 5.6 percent jump in quarterly operating profit, driven by investments in one of China's biggest insurers and earnings from aircraft leasing company ...
Clinical Trials and Insurance: Carriers Adapt to Unique, Evolving Demands
Clinical trial liability insurance has been around for more than two decades. But as the development and testing of new drugs has gone global, risks in the sector are growing and also becoming more ...
Allstate’s Auto Claims Surge in Q2, Leading to 45% Slide in Quarterly Profit
Allstate Corp., the largest publicly traded U.S. auto and home insurer, said second-quarter profit plunged 45 percent on a surge in claims from automobile coverage. Net income declined to $355 ...
TigerRisk Pursues Asia Expansion With Launch of Hong Kong Office
TigerRisk Partners has established a beachhead in Asia, starting with a new Hong Kong office launched via a subsidiary. The Connecticut-based insurance broking and risk/capital management firm said ...
Car Hacking Risks May Go Well Beyond Fiat Chrysler: U.S. Regulator
The cyber security issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles this month could pose a problem for cars and trucks from other automakers, the top U.S. auto safety ...