Reinsurance
MS Amlin Will Exit Several Classes of U.K. P/C Business
MS Amlin, the London-based insurer and reinsurer, said it will cease underwriting corporate property, real estate, casualty and package binders through its U.K. P/C business with effect from Jan. 31, ...
$584B at Risk From Cat Events in 2020: Cambridge Study
Providing an annual update of its study of the impact of catastrophic events on global GDP, researchers from the University of Cambridge find that roughly $584 billion could be wiped from the global ...
S&P Assigns A- Ratings to Fidelis Insurance Operating Subs; Holding Co. at BBB
Noting the proven track record of its management team and strong top-line growth in a five year time frame, S&P Global Ratings has assigned A- financial strength ratings to the operating units of ...
Southwest Reaches Partial Settlement Deal With Boeing Addressing Projected 737 MAX Damages
Southwest Airlines Co said on Thursday it had reached a confidential compensation agreement with Boeing Co for a portion of a projected $830 million hit to operating income in 2019 arising from the ...
AIG’s Zaffino Adds ‘President’ to His C-Level Titles
American International Group awarded Peter Zaffino a promotion, making him president of the insurance giant. Zaffino takes on the new role as of Jan. 1, 2020, though he'll still serve as Global Chief ...
TRIA, NFIP Win Renewals in Government Spending Bill
Congress is planning to use a $1.4 trillion package of two must-pass spending bills to repeal Obamacare taxes, raise the age for tobacco purchases to 21 and extend the U.S. Export-Import Bank for ...
Sydney’s Wildfire Smoke Declared a ‘Public Health Emergency’
The smoke blanketing Sydney is a "public health emergency," according to a coalition of Australian doctors and researchers who say climate change has helped fuel the wildfires that have produced ...
Nationwide Opens Innovation/Collaboration Space
Nationwide's new center, designed in part to foster innovation and greater collaboration on product development, is open for business. Named The CoOperative, the center will be based at the former ...