Underwriting
ISO & PCI: P/C Net Income, Profitability Takes a Dive Through Much of 2014
The first nine months of 2014 saw policyholders' surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and ...
As Reinsurance M&A Accelerates, Who Are The Next Targets?
Insurance dealmaking is heating up as companies embrace a bigger-is-better philosophy. Axis Capital Holdings Ltd.'s plan to merge with PartnerRe Ltd., creating a firm with a combined market value of ...
Starr Targets Small Businesses With New Commercial Umbrella Liability Policy
Starr Companies is making an overture to the small business market with the launch of a new commercial insurance umbrella liability policy. The insurer said the new umbrella coverage will complement ...
India Reaches Insurance Deal With U.S. That Could Propel Nuclear Power Expansion
Prime Minister Narendra Modi and U.S. President Barack Obama unveiled a plan centered on insurance on Sunday that they hope will convince U.S. companies to build nuclear power stations in India, but ...
Bermuda Reinsurers AXIS Capital and PartnerRe Will Merge in Massive Deal
AXIS Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry. ...
Travelers: $224M in Energy-Related Junk Bonds is ‘Manageable’
Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, had about $224 million of energy-related bonds that were rated below investment grade as of Dec. 31. The ...
India’s Nuclear Power Plant Construction Plans Stirs Accident Liability Debate
It's a $182 billion question for India with no easy answer. That's the estimated amount the country plans to spend on nuclear power plants to meet Prime Minister Narendra Modi's pledge to provide ...
Travelers Enjoyed Underwriting Gains and a Profit Boost in Q4
The Travelers Companies Inc. on Jan. 22 reported net income of $1.038 billion for the fourth quarter that ended on Dec. 31, 2014, up 5 percent compared to $988 million net income during the 2013 ...