Commercial Lines
Enstar to Pay $218M For South Carolina P&C Company
Bermuda-based Enstar Group Ltd. said it will grab Companion Property and Casualty Insurance Company from Blue Cross Blue Shield of South Carolina for $218 million. The deal represents an expansion of ...
Governments Provide Reinsurers a Major Market Opportunity: S&P
Reinsurers have a potential major market at their fingertips: Working with governments to boost their disaster resilience. Standard & Poor's Ratings Services draws that conclusion in a new ...
Iceland Volcano May Menace Atlantic Flights Indefinitely
Iceland said heightened alert levels for airlines may be in place for months as one of its biggest volcanoes continues to rumble, threatening an eruption and ash cloud that would menace flights ...
Napa Quake Making Municipal-Bond Investors Nervous
Municipal-bond investors are trading a record amount of debt from Napa County, California, in a sign that some may be concerned about damage from the strongest earthquake to hit the wine-growing area ...
Munich Re to Snatch Up Australian Commercial Underwriter
Munich Re will team up with an Australian broker network to snatch up a commercial underwriter in that country and much of its business. The transaction is a bit complex. Munich Re, in its ...
Ex-AIG CEO’s $25B Bailout Lawsuit to Move Forward
A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice "Hank" Greenberg, the former chief executive of American International Group, over the ...
WSI’s 2014 Storm Forecast Becomes (Slightly) Milder
Weather Services International has reduced the number of storms it is predicting for the 2014 Atlantic hurricane season, in a period that has already been slower than past years with extreme weather ...
Allianz Pushes Into Peru With Reinsurance Expansion
Allianz Group is expanding its industrial and corporate reinsurance business into Peru, a move the German company said reflects its continued focus on growth in emerging markets around the world. ...