Underwriting
Aspen and Starr to Jointly Underwrite International Property Insurance
Aspen Insurance and Starr Companies sealed an agreement to jointly underwrite international property insurance. Neither side is disclosing financial terms. But they'll focus on European companies ...
The Hartford’s Continued Upswing Wins a Standard & Poor’s Ratings Upgrade
Hartford Financial Services Group's continued rebound has led Standard & Poor's to raise its financial strength credit rating for the insurance giant. Specifically, Standard & Poor's said it ...
It’s an Insurance Buyer’s Market For Now: Willis
Due in part to reduced catastrophe losses and the increased supply of capital, property/casualty insurance buyers can expect to face friendly market conditions on most lines of business for the ...
GM Car Owners Still Pursuing $7.5B in Ignition Switch Liability Case
General Motors Co. car owners will still seek $7.5 billion for the diminished value of recalled vehicles, despite a ruling that largely freed the automaker from liability for wrongdoing before its ...
Ironshore Boosts Global Property Energy Capacity As Sector Competition Soars
Ironshore's global property energy division boosted its capacity limits from $25 million to up to $35 million, even as the sector faces increasing competition in the face of plunging oil prices. ...
Guy Carpenter Launches Next-Gen Canada Flood Model
Guy Carpenter launched its G-CAT Canada Flood Model, which it describes as the first ever probabilistic model for Canada that enables insurers to assess their exposure to flood, Canada's most ...
NY Fed Beefs Up Chicago Office in Disaster Risk-Reduction Plan
The New York branch of the U.S. Federal Reserve, wary that a natural disaster or other eventuality could shut down its market operations as it approaches an interest rate hike, has added staff and ...
AIG Buys Piece of Cyber Risk-Reduction Firm
American International Group has invested in a global investigative consultancy in a bid to deepen its ability to help clients combat cyber risks. Financial details aren't being disclosed. But AIG is ...