Markets
Expect Nothing ‘Radical’ in 2014 for Reinsurance Prices: Allianz Re CEO
Property and casualty reinsurance rates, which fell in seven of the last 10 years, probably won't rebound in 2014, the head of Allianz SE's reinsurance arm said. "Last year's catastrophe activity was ...
P/C Insurance Execs Expect TRIA Renewal, But Split on Workers Comp Profits
While more than 90 percent of property/casualty insurance industry executives say they expect renewal of the Terrorism Risk Insurance Act, the jury is out on whether commercial lines profits will ...
Northridge Earthquake Today Could Cost Insurers $20B: RMS
An earthquake like 1994's Northridge, California quake could cause $20 billion in insured losses today, catastrophe modeling firm RMS said last week. RMS made the announcement on Friday, Jan. 17, ...
BMA Stats Show Bermuda Insurer Registrations Jumping Over 70% in 2013
According to the Bermuda Monetary Authority, Bermuda registered 91 new insurance companies in 2013, with the figure representing a 72 percent jump over the 53 firms registered in 2012. The new ...
Montpelier Appoints Brookman SVP, Head of Capital Markets
Montpelier Re Holdings Ltd., a leading provider of short-tail reinsurance and other specialty lines, on Thursday announced that Daniel Brookman has been appointed senior vice president and head of ...
A New Year’s Resolution: I Will Protect My Portfolio from Rising Rates
As with personal resolutions and renewed avowals, the start of a new year is the perfect time for insurers to revisit the parameters and goals guiding their investment portfolios. Particularly for ...
Income Inequality Now Top Global Risk, Says World Economic Forum
The chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade, according to over 700 global ...
U.S. P/C Insurers Face Challenge in 2014 Trying to Match 2013 Performance
The U.S. property/casualty insurance industry reported strong performance in 2013, but in 2014, the industry may find it difficult to match last year's results as insurers begin to face more ...