Markets
Munich Re Restructuring Primary Insurance Unit; Cutting Jobs in Digital Push
Munich Re, the world's second-biggest reinsurer, plans to spend 1 billion euros ($1.1 billion) by 2020 restructuring operations at its loss-making primary insurance unit in Germany. The plan for ...
Will Hurricanes Drive Property Insurance Rate Hikes? Experts Forecasting Changes
With two of three groups of expert hurricane researchers split on whether the 2016 Atlantic hurricane season will be above average or normal, a tie-breaking vote could come on Tuesday. But even a ...
Nexus and XL Catlin Ink 3-Year Deal to Write Financial Lines in Asia
Nexus Underwriting, the independent specialty managing general agent (MGA), has signed a three year underwriting capacity deal with XL Catlin in Asia through XL Insurance Co. SE. Through its new ...
Aspen, Zurich and Markel Announce Political Risk Hires
Aspen Insurance, Zurich and Markel Corp. have been filling the ranks of their Surety, Credit & Political Risk units. Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., has ...
Martin Senn, Former Zurich CEO, Commits Suicide
Former Zurich Insurance boss Martin Senn has committed suicide six months after leaving the company under a cloud, a tragedy that comes less than three years after Zurich's finance chief took his own ...
How to Sell Cyber Insurance Online; CyberPolicy.com Set to Launch in July
CoverHound CEO Keith Moore has a vision of simplifying cyber insurance sales that involves underwriting the security vendors used by insureds—a model that could ultimately allow small business ...
What NOAA is Forecasting for Atlantic Hurricanes; Late Season La Niña Likely
Forecasters at NOAA's Climate Prediction Center say the 2016 Atlantic hurricane season, which runs from June 1 through Nov. 30, will most likely be near-normal, but they also say this season is ...
New CFO Starting at Florida’s Heritage
Heritage Insurance Holdings, Inc. announced Thursday that Steven Martindale will be the company's new chief financial officer starting on June 1, 2016, when Stephen Rohde will retire from the role. ...