Underwriting
Moody’s at Monte Carlo: Reinsurers Pushing into Primary Insurance
Reinsurers are seeking to push into the primary insurance market ranging from life to property coverage to shore up growth, said Moody's Investors Service. "We expect more mergers and acquisitions," ...
Monte Carlo Consensus: Reinsurance Prices Will Keep Falling
Reinsurance prices will fall and worsening terms and conditions will spread to new classes next year as the industry competes for business, said reinsurers and brokers gathering at their annual ...
Ironshore Boosts Life Sciences Business Coverage Capacity
A division of Ironshore Inc. – a billion-dollar insurance holding company – is expanding its pharmaceutical, biotechnology and medical device industry coverage capacity. IronHealth is Ironshore's ...
Navigators Expands European Operations
The Navigators Group Inc., an international specialty insurance holding company, is pursuing a European expansion. Its European underwriting management subsidiary, Navigators Underwriting Ltd., has ...
Florida’s Reborn Home Insurance Market Unproven in Major Hurricane
As Florida seeks to revive its private home insurance market after almost a decade without a hurricane, homeowners are pouring $6 billion a year in premiums into a new generation of small, in-state ...
To Succeed, Detroit’s Deal with Syncora Needs Backing From Other Creditors
The fate of Detroit's watershed settlement with Syncora Guarantee Inc. may hinge on whether the bond insurer can win concessions from other creditors, including Bank of America Corp. and retired city ...
Allstate Hopes Timber, Real Estate will Boost Struggling Annuity Unit
Allstate Corp. is betting on timber and real estate to boost returns at a struggling annuity unit. "We do need to figure out what we do with our annuity business," Chief Executive Officer Tom Wilson, ...
Baseball Fans Increasingly Confront Foul Ball Injury Risk
From his perch in the Atlanta Braves infield on May 20, third baseman Chris Johnson heard what sounded to him like the crack of two bats in quick succession. The first was a line drive off the bat of ...