Markets
Bridging the Insurance Gap in a Shared Economy
With a growing number of consumers now taking part in the "shared economy," insurers need to bridge the gap between personal and commercial insurance, says a new report from research and advisory ...
AIG CEO Urges More Private Industry Input for Flood Programs
American International Group Inc. Chief Executive Officer Peter Hancock cited government student lending and flood insurance as programs that could benefit from the perspective of private businesses. ...
November Featured Large Doses of Severe Weather: Aon Benfield
Bad weather made a huge impact in November, with four major winter weather events and resulting fatalities in the United States, global flooding and a big hailstorm in Australia generating much of ...
Program Market a Target for Expansion, Good & Bad
The program insurance business market enjoyed its third consecutive year of growth in 2013 and appears on track to continue its expansion. However, while program business is attracting new interest, ...
ACORD’s Long-Time Leader will Retire in 2016
ACORD's long-time president and CEO plans to retire within the next year after many influential years in charge. The global non-profit insurance industry standards organization disclosed that Gregory ...
Third Point Re is Launching Formal U.S. Operations
Third Point Reinsurance Ltd. has disclosed plans to set up formal U.S. operations. Thomas Wafer and Jonathan Norton have been hired to help establish and manage the group's new setup. Both are ...
James River Insurance Seeking $685M in IPO
James River Group Holdings Ltd., the insurer backed by D.E. Shaw & Co. and Goldman Sachs Group Inc., is seeking a valuation of as much as $685 million in an initial public offering. Investors are ...
Heard at PCI Meeting: Reserve Covers, Capital Relief Deals Are Growing Trend
They may not be the new black, but references to adverse development covers and capital relief solutions and cropped up more than once in conversations with reinsurance market participants during the ...