Global Economy
A.M. Best: Gross Written Reinsurance Premium Drops in London Market
Lloyd's gross written reinsurance premium dropped more than 5 percent from 2013 to 2014, underscoring the competitive threat to the London market posed by local and regional reinsurance hubs, A.M. ...
Pacific Facing Major Storms; Atlantic, Not So Much (Yet)
The Atlantic hurricane season opened with empty seas and low expectations as two storms raged off the western coast of Mexico, where they will almost certainly stay. Hurricane Andres, which formed ...
Once Again, Leading Asset Managers Reject Global Risk Reduction Rules
The world's multi-trillion dollar asset management industry has presented a united front to reject proposals aimed at mitigating risks in the sector, even after they were revised by regulators. The ...
PartnerRe’s Shareholders Will Vote July 24 on Proposed AXIS Capital Merger
PartnerRe set July 24 as the date that shareholders will vote on its proposed merger with AXIS Capital Holdings, months after both parties first announced their agreement. The milestone follows a ...
Ironshore Beefs Up Kidnap/Ransom Coverage For Latin America
Ironshore, soon to become part of Chinese conglomerate Fosun International, has beefed up its kidnap and ransom coverage for Latin America-based clients. The Bermuda specialty insurer is expanding ...
Willis Completes Majority Investment in London Broker Miller
Reinsurance broker Willis Group Holdings said it has completed its investment in Miller Insurance Services LLP that will enhance its wholesale insurance brokerage business and expertise in marine ...
Lloyd’s Chief Beale, Other Leaders Offer Views on Possibility of Britain EU Exit
Prime Minister David Cameron has pledged to renegotiate Britain's ties with Europe and then give voters a referendum on European Union membership by the end of 2017. Following are the views of ...
ECB Warns of Record Low Interest Rate Threat to Insurers
The European Central Bank (ECB) said on Thursday that record low interest rates were putting insurance firms and banks under increasing pressure and warned that any sell-off in stocks and bonds could ...