Markets
Swiss Re Expects Catastrophe Reinsurance Prices to Keep Falling
Reinsurance prices will continue to fall this year as competition for customers from hedge funds and other sources of alternative capital send premiums to their lowest in four years, according to ...
AIG Reportedly Will Eliminate 125 UK Jobs, Following NYC Cuts
American International Group Inc., the insurer under pressure from activist investors, may eliminate about 125 positions in the U.K. as it scales back in certain countries and moves jobs to ...
Cat Bond Q1 Issuance Hit $2B, a New Record
Catastrophe bond issuance hit $2 billion during the first three months of 2016, making it the most active first quarter in market history, according to the latest report from the Property Claim ...
March Storms in the U.S. Could Cost Insurers $2B: Aon Benfield
Seven severe convective storms hit the U.S. during March, impacting nearly every part of the country and costing the insurance industry an estimated $2.0 billion, according to the latest Global ...
Aon Benfield Readies Launch of Global Reinsurer Trading Platform
Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, will launch a global reinsurer trading platform on April 11. Available for use with the July 1 renewals, ABConnect ...
Travelers Debuts Predictive Model Designed to Help Injured Workers Avoid Chronic Pain
The country's largest workers' compensation insurer said it has developed a model to predict the likelihood of an injured worker developing chronic pain. The model can them help the workers take ...
PartnerRe Names Exec From Parent EXOR as New CFO
PartnerRe's CFO is stepping down, and an executive from new corporate parent EXOR is replacing him. The Bermuda-based reinsurer disclosed that Bill Babcock, its executive vice president and chief ...
Reinsurance Use of Alternative Capital Grew 12% in 2015: Aon Report
Alternative capital continues to make its presence felt in the reinsurance market, increasing by 12 percent during 2015 to $72 billion, while traditional capital decreased by 4 percent to $493 ...