Reinsurance
After Brexit: EU Links Financial Relations With UK to Trade Deal
Access to the European Union market for Britain-based financial firms will be linked to the overall results of trade talks with London, EU chief negotiator Michel Barnier said on Monday. Britain and ...
Berkley CEO Warns ‘Clouds Are Beginning to Build’ for Workers Comp
While the market is hardening and rates are increasing for nearly every commercial insurance line, workers compensation remains stubbornly soft. That reality is something that W.R. Berkley's CEO ...
Brexit Arrives, While Scotland Keeps Fighting for Independence
As jubilant Brexit supporters gather to celebrate the U.K.'s departure from the European Union, Scotland is digging in to its position as the last bastion of political resistance. First Minister ...
Brexit Transition Period Ahead for UK, EU Insurers: A.M. Best
As of Jan. 31, 2020, Brexit is finally here. But the UK's departure from the European Union shouldn't have any immediate impact on UK or EU insurers, A.M. Best said in its latest commentary. That ...
Lloyd’s First Syndicate-in-a-Box Aims to Be an Innovation Lab: Munich Re
Lloyd's of London is expecting big things for 2020 as it rolls out the key initiatives for its massive modernization project designed make it easier to do business with Lloyd's and, ultimately, ...
The Unique Requirements of a Lloyd’s Syndicate-in-a-Box
Lloyd's developed the concept of a syndicate-in-a-box (SiaB) to make it easier for innovative capital to enter the market, but there are certain requirements and differences compared to traditional ...
U.S. Refiners, Chemical Plants Cut Insurance Cover After Severe Accidents Boost Costs
U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said. With less ...
AXIS Loses Money in Q4; CEO Benchimol Insists Insurer Is Improving
AXIS Capital Holding's 2019 fourth quarter was a money-loser, culminating a year hampered by Japan's typhoons and poor U.S. crop conditions, among other obstacles. Still, the company's results are ...