Commercial Lines
For Insurers, Thunderstorm and Hurricane Losses Leave Equal Financial Impact
Risk to U.S. property from thunderstorms is as high as from hurricanes, according to new research finding that for the past decade, severe convective storms have been the largest annual aggregated ...
P/C Insurers, Reinsurers, Saw 2016 North America Operating Earnings Decline
Property/casualty insurer and reinsurer operating earnings in North America dipped in 2016, hammered by factors including higher catastrophe losses, low investment yields and underwriting ...
Every insurer evaluating property risk today is running the same math: more perils, more models, more data sources, and not...
EU Will Crack Down on States Luring Brexit-Impacted Businesses From UK
The European Commission is seeking to crack down on states using regulatory shortcuts to lure business from Britain and said on Tuesday it is considering a more powerful securities watchdog to ...
Executives On The Move at XL Catlin, CNO Financial and RLI
XL Catlin promoted an executive to lead an important part of its Excess & Surplus insurance arm. CNO Financial Group made a number of executive changes within its organization. RLI Corp. promoted ...
Insurers, Reinsurers Key to Addressing $2.1 Trillion U.S. Infrastructure Spending Gap
With a U.S. infrastructure investment gap of nearly $2.1 trillion looming over the next decade, insurers and reinsurers may be key to help closing it, Swiss Re asserts in a new report. "The U.S. ...
Warm Arctic Temperatures Will Lead to More Extreme Weather
Unusually warm weather in the Arctic is helping shift weather patterns this year from North America to the Middle East, after global warming shattered records in 2016, according to the World ...
Hannover Re Boosts Access to London Market With Argenta Holdings Acquisition
Hannover Re has agreed to acquire the UK holding company Argenta Holdings plc, a purchase that gives it a Lloyd's syndicate plus additional access to international and London Market business. Neither ...
Trump’s Proposed Flood Map Program Cuts Could Trigger Higher Insurance Rates
A proposal by the Trump administration to cut $190 million in funding for updating U.S. maps of flood-prone areas would trigger higher insurance rates or more homebuilding in risky locations, a ...