Markets
Tornadoes Hit Miss., Tenn. and Ala. Next in Ongoing Storm Advance
The cluster of tornadoes, heavy rain and winds that created a path of destruction and fatalities through seven southern states on April 27 continued their advance a day later, hitting parts of ...
Hartford CEO McGee Crows About Insurer’s ‘Transformation’
A day after Hartford Financial Services Group announced vastly improved financials and plans to unload its Japan operations, Chairman, President and CEO Liam McGee was positively bullish during the ...
Reardon is Hamilton Re CEO
Kathleen Reardon has been promoted to the position of Chief Executive Officer of Hamilton Re, Hamilton Insurance Group's Bermuda-based Class 4 property/casualty reinsurer, according to a group ...
Tornadoes Wreak Havoc In Several States, Causing Fatalities
At least 19 people were reported killed in an early tally in the wake of dozens of tornadoes that tore across 7 states on April 27 in the south-central United States. The storms also injured dozens ...
Hiscox Boosts Terrorism Risk Coverage Capacity
Specialist insurer Hiscox will drastically boost its capacity to handle U.S. domiciled terrorism risk coverage, even as Congress continues to debate renewing the Terrorism Risk Insurance Act. ...
For CNA, Bad Weather and Division Sale Hamper Q1 Numbers
The biggest hit to CNA's 2014 first-quarter net income comes from short-term costs relating to the planned sale of its Continental Assurance Co. life and group insurance business to Wilton Re ...
Some ILS Money Irrational; Trad’l Re Mkts Adding Terror to Cat Cover: CEO
The once responsible insurance-linked securities market is showing signs of being overheated and irrational, the chief executive of the holding company for a Bermuda-based reinsurer said on Friday. ...
Customers Switching Auto Insurers Unhappy with New Prices: J.D. Power Rankings
Customers who switch auto insurance carriers due to poor service often end up sorry they did because they end up paying more with their new insurer, according to the latest J.D. Power 2014 U.S. ...