Markets
Hurricane Maria Misses Land in U.S. but Hampers Storm-Slammed Refineries
Hurricanes sometimes don't need to make landfall to cause problems for U.S. refineries. At least two East Coast refineries are making less gasoline and diesel as rough Atlantic seas hamper the ...
The Latest Launches From Chubb, Travelers, Guy Carpenter and Beazley
Chubb debuted a new package insurance project targeted to businesses of a certain size in Australia. Travelers is now offering an online tool to help contractors identify areas surrounding a jobsite ...
Effective compliance management in insurance relies on well-organized information and digital processes that accurately reflect producer relationships across multiple interconnected...
AXIS $611.5M Acquisition of Novae to Close by Mid-October
AXIS Capital Holdings Ltd. expects to complete its acquisition of Novae Group plc by mid-October. European Commission approval of the $611.5 million transaction is expected no later than Oct. 18, the ...
S&P Revises Berkshire Insurance Subs’ Outlook to Negative
While affirming the "AA+" financial strength and long-term counterparty credit ratings on Berkshire Hathaway operating insurance subsidiaries, S&P Global Ratings said Monday that it revised the ...
Iron-Excess Forms; MGA Is Based on Iron-Starr Excess Agency Model
Using a Bermuda joint venture between Ironshore and C.V. Starr & Company as a model, Ironshore announced the launch of Iron-Excess on Monday. Ironshore, a Liberty Mutual company, describes ...
Prime Insurance Gets Upgraded to ‘A’ Rating from A.M. Best
A.M. Best announced Friday that the rating agency has upgraded the financial strength rating of Prime Insurance Company to "A" from "A-," also revising the outlook on the rating to positive from ...
Modelers Publish More Disaster Estimates; Maria Could Cost $85B
Estimates of industry losses for recent hurricanes and the earthquake in Mexico are still being tallied by catastrophe modeling firms. Among the latest are these from RMS and AIR Worldwide. • ...
Less Than Half of Chief Actuaries ‘Fully Satisfied’ With Reserve Accuracy: WTW
Only 48 percent of property/casualty actuaries surveyed by Willis Towers Watson last year said they were fully satisfied with the accuracy and confidence of their reserving, the global advisory, ...