Global Economy
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 ...
Recently we explored how specialty insurance markets emerge and the signals that help MGAs distinguish a lasting opportunity from temporary...
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, ...
Zurich Insurance Ready to Shrink Some Businesses: Risk Chief
Zurich Insurance Group AG is "prepared to shrink" some of its businesses after being caught off guard by the scale of claims it had to absorb last year, according to Cecilia Reyes, the company's ...
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 ...
XL Catlin Will Disclose Q4 Earnings as Owner of Entertainment Specialty Insurer
XL Catlin has closed its purchase of Allied International Holdings, nearly six months after the planned acquisition was first announced in August. The deal for the U.S.-based specialty insurer of ...
GM Wants U.S. Judge to Reject Bid to Undo Switch Settlement Fund
General Motors Co has asked a judge to reject efforts by a lawyer who first publicly exposed a faulty ignition switch in GM vehicles to undo a settlement fund resolving 1,380 death and injury ...