Markets
Tale of Two Floridas: Hurricane Irma’s Belated Impact on Reinsurers
Reinsurers expressed different views of loss developments related to Hurricane Irma, when executives reviewed the impact of the Florida event on second-quarter earnings reports last week. Everest Re ...
Munich Re Will Halt Investment in Coal-Related Businesses
Munich Re, the world's biggest reinsurer, will stop investing in bonds and shares of companies that generate more than 30 percent of their sales with coal-related business, its chief executive said, ...
‘All Options’ Still On The Table; Some Lloyd’s Biz Will Go: Aspen CEO
The chief executive of Aspen Insurance Holdings Limited described business changes to Aspen's Lloyd's insurance book last week, while neither unequivocally confirming or denying rumors that a deal to ...
The Latest Launches From Beazley and QBE North America
Beazley has a new consortium at Lloyd's designed to boost capacity for wage & hour risks. QBE North America expanded its operating agreement with a specialist professional liability managing ...
$500M Cat Bond Set to Expand FEMA’s Flood Reinsurance Plan
The Federal Emergency Management Agency (FEMA) has secured a reinsurance placement for the National Flood Insurance Program (NFIP) that for the first time is directly backed by capital markets ...
Berkshire Hathaway’s Insurance Underwriting Returns to Profit, Driving Successful Q2
This year's looking brighter for Berkshire Hathaway Inc.'s insurance businesses after 2017's hurricanes led to the first annual underwriting loss in more than a decade. Auto insurer Geico and the ...
To AIG CEO Duperreault, the Path to Profitability Is ‘Not a Straight Line’
After a disappointing second quarter, AIG CEO Brian Duperreault restated his pledge that the struggling insurer would reach an underwriting profit after 2018. He also cautioned that the road to ...
Allianz Beats Profit Estimates, Thanks to PIMCO Momentum
Even after outflows hit Pimco in the last quarter, Allianz SE's giant bond fund unit is on a roll. In an industry plagued by ever-shrinking margins, Pacific Investment Management Co. and its smaller ...