Markets
W.R. Berkley Unveils South Africa-Focused Treaty Unit
W.R. Berkley Corp. is turning to South Africa as the target of its latest business unit, which will be focused on working with both regional insurers and brokers. Chairman and CEO William R. Berkley ...
PartnerRe Losses From Tianjin Explosion Estimated at $50M-$70M
PartnerRe, soon to be acquired by the Italian investment firm EXOR, has chimed in with initial loss estimates from the Tianjin explosion in China. The Bermuda-based reinsurer said its Tianjin-related ...
Extreme Western Wildfires Are Not New Occurrence: University Research
New research by scientists at the University of Wyoming has found that extreme wildfire seasons are nothing new in the Rocky Mountain region: They also happened hundreds of years ago, after global ...
Amtrak Sponsors Cat Bond for NE Storm Surge, Wind, Quake
Amtrak is getting $275 million of reinsurance protection from the capital markets for its wholly owned captive, covering storm surge, wind and earthquake perils, according to GC Securities. GC ...
Germany Approves Draft Law Extending Nuclear Liability for Utilities
German Chancellor Angela Merkel's cabinet approved a draft law on Wednesday which ensures that utility companies remain liable for costs associated with the shutdown of the country's nuclear power ...
Apple Faces Hefty Damages After Losing Patent Lawsuit to UWM
Apple Inc could be facing up to $862 million in damages after a U.S. jury on Tuesday found the iPhone maker used technology owned by the University of Wisconsin-Madison's licensing arm without ...
Hamilton USA CEO Ward Resigns; Deutsch to Serve as Interim Head
Hamilton USA CEO Conan Ward has resigned less then two years after taking on the job to develop Bermuda-based parent company Hamilton Insurance Group's U.S. operations. Hamilton Insurance Group ...
Ironshore Sees Opportunity in Emerging Hospital Liability Exposures
Ironshore Inc. said it is introducing new coverage for hospitals and healthcare systems designed to address both existing and emerging liability exposures. The new policy—LeadingEdge—comes out ...