Emerging Markets
Insurance Information Institute President Robert Hartwig Will Depart in August
Robert Hartwig – longtime leader of the Insurance Information Institute – is stepping down this August. Hartwig has been I.I.I. president since 2007 and was also the organization's chief ...
Beazley CEO Cautions Robust 2015 Profit Levels Are Not Sustainable
Beazley Plc Chief Executive Officer Andrew Horton said the company's return on equity of 19 percent in 2015 isn't sustainable against a backdrop of increased competition and falling insurance rates. ...
XL Catlin Ends 2015 on Firmer, Post-Merger Solid Ground
The creation of XL Catlin in mid-2015 through a $4 billion deal put in place significant new scale and market reach for the combined insurer and reinsurer. With that in mind, parent XL Group's Q4 and ...
International Insurer Reluctance Delays Oil Tanker Entry Into Iran
Oil companies looking to steal a jump on rivals in the race to benefit from Iran's emergence from Western sanctions risk having tankers left in limbo by international insurers' continued reluctance ...
AXIS Surges in Premiums Written, but Net Income Declines
For AXIS Capital Holdings, Ltd., the 2015 fourth quarter represented a last-minute surge of sorts. After an otherwise down year in terms of gross and net written premiums, both spiked higher in Q4, ...
RMS Releases Cyber Modeling System Created With Industry Support
RMS is debuting its new cyber modeling system, entering a market that CEO Hemant Shah has said is a "pretty significant opportunity for the industry." What's more, the firm collaborated with a number ...
Arch Capital Unit Enjoys Travel Insurance Boom Over Zika Fears
Travel insurance sales for trips to Latin America have surged as vacationers consider scrapping their plans to avoid the rapidly spreading Zikavirus, one of the top U.S. providers, RoamRight, told ...
Zika Health Worries: Brazil Advises Pregnant Women to Avoid Olympics
Pregnant women are advised not to travel to Brazil during the 2016 Olympic Games to avoid potential birth defects related to an outbreak of the mosquito-borne Zika virus, President Dilma Rousseff's ...