Underwriting
Public-Private Catastrophe Plan Could Boost UK’s Cyber Risk Resilience: Study
A public-private, cyber-catastrophe reinsurance arrangement would improve the UK's resilience against the growing threat of cyber risks in this interconnected world, according to a recently-released ...
OneBeacon Exits Crop Insurance Business
OneBeacon Insurance Group is getting out of the crop insurance business. The Bermuda-domiciled insurance holding company made it official with the sale of its exclusive managing general agency – ...
Zurich Insurance Reportedly Raising Financing For Possible RSA Takeover Offer
Zurich Insurance Group AG is raising financing ahead of a possible takeover offer for RSA Insurance Group that could come as early as next week, according to people familiar with the matter. The ...
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 ...