Markets
AXIS Capital Eyeing More Insurance Biz, Acquisitions as Re Market Gets Uglier
AXIS Capital Holdings Ltd. plans to expand the insurance side of its business to make up for lower earnings from the reinsurance segment. "I wouldn't be surprised now over the next couple of years if ...
GNY CEO Warren Heck to Retire; Daughter Will Replace Him
Warren Heck, the long-time leader of GNY Insurance Companies, plans to retire at the end of 2014. He'll remain at the insurer as non-executive chairman. But Heck's daughter, Elizabeth Heck, currently ...
Marijuana and Workers Comp
There are some who believe medical marijuana and the workplace are a potent mix just waiting to be stirred as increasingly more states approve the herb and its derivatives for medicinal use. Not only ...
SEC Paying $30M-Plus to Whistleblower in Largest Award Yet
An anonymous tipster living abroad will be receiving more than $30 million, in the largest whistleblower award ever doled out by U.S. securities regulators as part of a program that aims to ...
Canada Mulls Special Fund to Spread Oil-by-Rail Insurance Burden
The Canadian government is looking at extending the insurance burden for crude-by-rail disasters beyond just railways and is weighing the idea of a special fund similar to one once set up for ...
A.M. Best Puts Arch JV Partner Gulf Reinsurance Limited Under Review
A.M. Best has placed the financial strength rating of A- (Excellent) of Gulf Reinsurance Limited (Gulf Re) (United Arab Emirates) under review with negative implications. The under review with ...
Wills Re North America Head Sees Possibilities at NAMIC Conference
As the National Association of Mutual Insurance Companies' annual conference got underway this week, Willis Re North America President James Kent said he was bullish about the possibilities for his ...
‘A’ Ratings Unlikely for Hedge Fund Reinsurers for Now: Fitch
Newly formed hedge fund reinsurers are unlikely to achieve an insurer financial strength rating in the 'A' category under Fitch Ratings' methodology, the rating agency said last week. Fitch pointed ...