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TransRe, Pillar Management Up Stakes in Pillar Capital to 50% Each
Pillar Capital Holdings Limited, a Bermuda-based insurance asset manager specializing in collateralized reinsurance and catastrophe insurance-linked securities, announced Tuesday that shareholders ...
New Study Shows Hormone-Disrupting Activity of Fracking Chemicals Worse Than Initially Found
Many chemicals used in hydraulic fracturing, or fracking, can disrupt not only the human body's reproductive hormones but also the glucocorticoid and thyroid hormone receptors, which are necessary to ...Graphic Insight: Step-by-Step Guide to Assessing Nonmodeled Risks
In a related article, "From Sinkholes to Tsunamis: Assessing Nonmodeled Risks That Matter to Your Company," Hanover Insurance Group's Prateek Chhabra gives a step-by-step guide to identify, assess, ...
Auto Industry Struggles to Solve Air Bag Explosions Despite Mass Recalls
A year ago, Japan's Takata Corp., the world's second-largest maker of auto safety parts, believed it had finally contained a crisis more than a decade in the making. It was wrong. Japanese car makers ...
ACE Now Has Major Stake in Siam Commercial Samaggi Insurance
ACE Limited has announced that the company and its local partner have acquired, through a mandatory tender offer, an additional 32.17 percent in The Siam Commercial Samaggi Insurance PCL (SCSMG), a ...
Verisk to Commercial Property Insurers: We’ll Make the Follow-Up Calls for You
Verisk Insurance Solutions - Commercial Property announced last week that has introduced a service called PhoneAssist in response to industry requests for help with follow-up calls to insureds on ...
Marsh Rumored to be Targeting Alexander Forbes of South Africa
Marsh Ltd., the insurance unit of New York-based Marsh & McLennan Cos, has expressed interest in bidding for closely held Alexander Forbes Ltd. of South Africa, according to three people familiar ...
Allstate Estimates More Than $700M in Cat Losses for 2Q So Far
The Allstate Corporation announced $440 million of estimated pre-tax catastrophe losses for the month of May 2014 last week (or $286 million after taxes). The Northbrook, Ill.-based company said 11 ...