Commercial Lines
Chile Quake Caused $600M-$900M in Insured Losses: AIR Worldwide
The magnitude 8.3 earthquake that struck Chile's central coast on Sept. 16 caused between $600 million and $900 million in insured losses, AIR Worldwide said in an estimate of the destruction's ...
Californians, Beset by Wildfires, Pursue High-Risk Insurance Market
There are lots of reasons people live in California's Modjeska Canyon. Nestled against the mountains and abutting the Cleveland National Forest, the area has abundant wildlife and access to nature, ...
Zurich Insurance Ends Proposed RSA Bid to Address China Hit and Unit Loss
Zurich Insurance Group AG on Monday abandoned its proposed $8.7 billion bid for British insurer RSA Insurance Group PLC after forecasting a $200 million loss in its general insurance business in the ...
Monte Carlo 2015: Reinsurance Adapts to New Realities
The annual Rendez-Vous de Septembre in Monte Carlo, Monaco traditionally focuses on one or two signatory concerns within the industry. This year, things were different. The 2,700 registered attendees ...
Fosun Reportedly Negotiating to Snatch Up RSA’s Middle Eastern Business
Fosun International Ltd., the conglomerate founded by Chinese billionaire Guo Guangchang, is in advanced discussions to acquire RSA Insurance Group Plc's Middle East business, people familiar with ...
Insurers in Chile Should be Able to Handle Quake Claims: Fitch Ratings
Chile continues to assess the damage of an 8.3 magnitude earthquake that killed more than 10 people on Sept. 17 and led to the evacuation of over 1 million people around the coast, according to media ...
China Re Gains Hong Kong Stock Exchange Approval to Launch $2B IPO
China Reinsurance Group Corp., the nation's biggest reinsurer, received Hong Kong stock exchange approval for an initial public offering, people with knowledge of the matter said. The Beijing-based ...
Cyber Attacks Bring Insurers and Other New Clients to Defense Firms
A broadening wave of cyber attacks is drumming up new clients for defense companies as anxiety about the loss of sensitive data spreads from military chiefs to company bosses. Banks, utilities and ...