Underwriting
A.M. Best, Blaming Fosun Merger, Places Ironshore Under Review With Negative Implications
Plans for Ironshore Inc. to be fully absorbed by China's Fosun International Ltd. in a $1.84 billion merger have caught the eye of A.M. Best, which is placing the Bermuda-based insurer under review ...
Cyber Attacks Escalate in Asia, But Secrecy Prevails
Once a month, cyber security lawyer Paul Haswell gets a call from an Asian company with the same question: We've been hacked. Who do we need to tell? More often than not, his answer is "no one." The ...
PURE Starts Offering Workers Comp in Florida For Members’ Domestic Employees
Privilege Underwriters Reciprocal Exchange (PURE) is introducing workers compensation insurance for domestic employees of its members who live in Florida. Eligible employees include those who care ...
Lloyd’s of London Plans to Expand into Malaysia in Emerging Market Push
Specialist insurance market Lloyd's of London said on Thursday it planned to apply for an onshore reinsurance license and open an office in Malaysia, as part of its push into emerging markets. ...
Swiss Re CFO: With European M&A Rising, Insurers Shouldn’t Overreach
Europe's insurers need to think carefully before making acquisitions, Swiss Re Chief Financial Officer David Cole said. Stricter capital rules under Solvency II, which come into force next year, will ...
Executives On The Move at QBE, Arch Capital, Validus Re and More
We have a number of executive appoints to tell you about form Arch Insurance Group, Validus, QBE and Novarica: *** Arch Insurance Group named a Starr Companies executive and AIG veteran as a senior ...
Auto Insurers Setting Premiums May Treat Risky Borrowers Worse Than Drunk Drivers
A customer's credit score may matter more than a drunken-driving conviction for auto insurers setting premiums, Consumer Reports said, citing a review of price quotes in the U.S. from more than 700 ...
Japan’s Insurers Pushing For Significant Hike in Quake Insurance Premiums
Japan's insurance companies are pushing for an average 19 percent increase in earthquake premiums as they reassess risk following the unprecedented magnitude 9 quake four years ago. The increase ...