Claims & Reserving
S&P: Bond Insurers Ready for Puerto Rico Corporate Debt Crisis
For now, two major bond insurers appear more than able to handle credit deterioration of Puerto Rico's public corporations and new legislation that will let some of the companies restructure their ...
Okinawa At Risk as Super Typhoon Neoguri Nears Japan
High winds, crashing waves and a dangerous storm surge may strike Okinawa, including its capital Naha, as Super Typhoon Neoguri nears Japan. Neoguri carried maximum sustained winds of about 150 miles ...
Non-Life Cat Bond Volumes Hit Q2 Record: Willis Capital Markets
The non-life catastrophe bond market issued record volumes during the second quarter, Willis Capital Markets & Advisory (WCMA) said, adding that it expects full-year issuance to be between $8 ...
Report: P/C Companies Persevered in Q1, Despite Storms and Other Obstacles
Property/casualty insurers in the U.S. made money in the 2014 first quarter even as many key indicators dipped, reflecting industry struggles caused, in part, by a tough winter. Net income after ...
GC Securities Places First World Bank Cat Bond
In what appears to be a milestone for the cat bond sector, GC Securities said it has placed the first catastrophe bond issued by the World Bank. GC Securities (part of Guy Carpenter, itself a ...
GM Switch Crash Compensation Could Cost Billions
The attorney overseeing General Motors' compensation to victims of small-car crashes says there's no limit to what the company will pay, provided the crashes were caused by faulty ignition switches. ...
Willis Re Sees More Rate Softening With June and July Renewals
Willis Re took a close look at June 1 and July 1, 2014 global reinsurance renewal rates and once again found them mostly wanting from the reinsurance industry perspective. Meanwhile, cat bonds ...
El Niño Doesn’t Reduce Need for Hurricane Prep, Guy Carpenter Warns
Guy Carpenter & Co. LLC warned that the U.S. Atlantic and Caribbean coastal regions should prepare for at least two hurricanes to make landfall during the 2014 season, even with ...