Markets
Minova/BMS Rolls Out New Broker-Dealer
BMS Group, an independent reinsurance intermediary, is rolling out a broker-dealer division that will help, in part, to facilitate mergers and acquisitions and buttress its reinsurance business. ...
Q2 Survey: P/C Commercial Rate Hikes Keep Slowing
In some sobering news for commercial property/casualty insurers, the 2014 second quarter brought slower rate increases and even some price dips. That's according to the latest quarterly survey of the ...
Investors Believe Allianz Will Keep Old Leadership
Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe's largest insurer expands its global presence or ...
Allstate Reduces Private Equity and Real Estate Stakes
Allstate Corp., the largest publicly traded U.S. auto and home insurer, sold about $300 million of private equity and real estate investments in the second quarter as values surged. "We thought the ...
The Hartford Discloses a Second-Quarter Slump
The Hartford Financial Services Group said Wednesday its 2014 second quarter net loss widened to $467 million, compared to a net loss of $190 million during last year's second quarter. The results ...
SCOR Scores in the First Half of 2014
SCOR, the French reinsurance giant, said it produced healthy results in the 2014 second quarter and the first half of the year, driven, in part, by a lower level of natural catastrophes than ...
AXIS Builds Momentum With Broad Growth
AXIS Capital Holdings gave investors some cause for celebration with its midyear results. The Bermuda specialty insurer and reinsurer reported growth for its 2014 second quarter in nearly every ...
PCI’s Griffin Testifies on Lessons Learned After Sandy
Don Griffin, vice president of personal lines at the Property Casualty Insurers Association of America (PCI), testified Wednesday before the Senate Committee on Banking, Housing and Urban Affairs ...