Personal Lines
Fairfax Financial Grows Asia Insurance Presence With Malaysian Acquisition
Fairfax Financial Holdings said it will acquire the general insurance business from a Malaysian company as part of a broader expansion in Asia. Fairfax plans to use its subsidiary The Pacific ...
MAPFRE Seeking Acquisitions in Europe and U.S.
MAPFRE SA, the biggest insurer in Spain, is seeking to expand and may make acquisitions in Europe and the U.S., Chairman Antonio Huertas said. The company isn't constrained by regulators' efforts to ...
Moody’s: Weather and Competition Threaten Rising P/C Earnings
U.S. property/casualty insurers can celebrate higher overall earnings and premium levels in the 2014 third quarter versus the same period a year ago, Moody's Investors Service said in a new report. ...
Swiss Re: Emerging Markets to Push 2015 Premium Growth
Global non-life insurance direct premiums will grow moderately over the next few years, Swiss Re predicts in a new report. A surging emerging market is expected to generally balance out stagnant and ...
Big Data and Insurance: Coming to a Supermarket Near You
If supermarket chains wanted to get in the business of selling property/casualty insurance, there is a source of consumer information they might tap to identify the best risks that most P/C actuaries ...
Polar Vortex is Spiking 2014 Winter Storm Losses: I.I.I.
Insured losses from winter storms in the U.S. will climb well above $2.5 billion in 2014, double the annual average over the previous two decades. You can thank the polar vortex for much of the ...
East Coast Storm Prediction Adds Risk to Thanksgiving Travel
A coastal storm may spread more than 7 inches of snow from northern New Jersey through central Massachusetts while sparing New York City any deep accumulations for the Thanksgiving holiday travel ...
Hurricane Sandy Victims Allege Companies Manipulated Claims Reports
Wright National Flood Insurance Co. and U.S. Forensic LLC, an engineering firm, were sued by New York homeowners who claim the companies conspired to manipulate reports and avoid paying for damages ...