Strategy
The Cost to Insure Airplanes Against Attack Will Grow Considerably
Insurers worldwide are going to have to pay up to a record $800 million to cover the damage done by attacks on airplanes this year, driving prices up and drawing rivals into the market. The hefty ...
Insurers Face Hefty Price Tag in India from Cyclone Hudhud’s Wrath
Cyclone Hudhud, which hit India's east coast last week, probably cost insurers $100 million to $400 million, modeling firm AIR Worldwide said. The storm damaged transportation infrastructure, power ...
Well-Connected CEOs Lead Companies into Bad M&A Deals
Chief executive officers with extensive social connections to board members, executives at other firms, bankers and other financial market participants initiate mergers and acquisitions more ...
XL Group Boosts Cyber and Technology Underwriting Capacity
XL Group has become the latest insurer to add capacity to its cyber and technology coverage expertise, as data breaches continue to increase and the market rushes to respond in kind. XL Group's ...
Counterpoint: Spending on Ads Never Beats Spending on Insurance Agents
A recent research report published by Cliff Gallant and Matthew Rohrmann of Nomura Equity Research concludes that spending on advertising beats spending on insurance agents. Once again Wall Street ...
Earthquake Bonds: California Plans to Sell $350M of Them
The California Earthquake Authority, the largest seismic insurer in the U.S., is selling $350 million in bonds to strengthen its ability to pay claims, after the state's first death due to a quake in ...
Willis Group, Miller Confirm Deal Talks on London Wholesale Biz
Willis Group Holdings and Miller Insurance Services LLP announced that they have entered into exclusive talks to combine London wholesale businesses to trade under the Miller brand. The resulting ...
Ebola Spread Could Spur Big Business Interruption Losses: AIR Worldwide
With an ongoing outbreak of Ebola in West Africa shows no sign of slowing, AIR Worldwide predicted business interruption losses in a number of areas, but questions whether existing coverage will be ...