Markets
Halliburton Will Pay $1.1B to Resolve U.S. Gulf Oil Spill Claims
Halliburton Co, North America's top oilfield services provider, said it reached a $1.1 billion settlement for a majority of claims related to its role in BP Plc's oil spill in the Gulf of Mexico in ...
Don’t Encourage Competitors
Those who listened to Alan Zimmermann, managing director of Assured Research, talk about the history of the reinsurance industry at the Casualty Actuarial Society's Seminar on Reinsurance earlier ...
Assessing Reinsurers: It’s About Talent, Not Capital
The movement of third-party capital into the reinsurance space was a constant theme of a recent seminar during which A.M. Best SVP Matt Mosher predicted that reinsurers will ultimately evolve into ...
Analysts Debate: Are Insurers, Reinsurers Too Risk Averse?
Have property/casualty insurers and reinsurers forgotten what they're in business to do? That was one of the questions that three industry analysts debated during a recent reinsurance seminar, when ...
Are Hedge Funds Poised to Make Berkshire Hathaway-Type Re Deals?
The subject of hedge fund-backed reinsurers came up unexpectedly when Carrier Management recently asked A.M. Best's Matt Mosher, senior vice president of rating services, about loss reserve ...
Rating Agency Views of Hedge Fund Reinsurers Diverge
While A.M. Best has assigned ratings of A-minus or better to five hedge fund reinsurers, Standard & Poor's hasn't yet rated any of the five and remains "skeptical" of their strategies, ...AIG’s Chairman Says Leadership Change Follows Strategic Victory
The leadership transition at insurer American International Group Inc. is like switching generals after winning a war, Chairman Steve Miller said today. "We're changing generals as we move from ...
RMS: Napa Valley Quake Insured Losses Won’t Surpass $250M
With some time to assess the situation, insured losses from the Napa Valley earthquake may end up a little more reasonable than initially thought. Catastrophe modeling firm RMS predicted that insured ...