Reinsurance
Nigeria Triples Insurer Capital Requirements
Nigeria increased the minimum capital requirement for insurers more than threefold as the industry regulator seeks to to improve the sector's risk management. Existing companies must comply by June ...
AXIS Capital Holdings Debuts Updated Logo, Website, Marketing Approach
AXIS Capital Holdings is refreshing its image, literally. The Bermuda-based specialty insurer and reinsurer said it is giving its brand a newer face, in part, through a revamped logo and website. ...
London’s Finance Industry Will Be Largely Unscathed From Brexit: UK Ministers
Britain's vast finance industry will emerge largely unscathed from Brexit and retain its position as one of the world's top financial centers, ministers in Prime Minister Theresa May's government ...
Executives On The Move at ProSight Specialty, AXA XL and Sompo Global Risk Solutions
The founder of ProSight Specialty Insurance is becoming chairman, and a veteran executive will replace him as CEO. AXA XL promoted an East Coast executive. A longtime life sciences underwriter will ...
Wild U.S. Weather Switcheroo Could Further Soak Midwest, Dry Out South
Different parts of the U.S. are set to see wildly disparate weather conditions next week, potentially rattling energy and agricultural markets. A potentially record-setting heat wave will probably ...
Third Point Re Slapped With Negative Outlook From AM Best; Ratings Affirmed
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of "A-"(Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" of Bermuda-based ...
Ship Attacks Prompt London Marine Insurers to Widen Middle East Threat Zone
London's marine insurance market has extended the list of waters deemed as high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday. ...
Five More States Sue Purdue Over OxyContin Marketing
Purdue Pharma LP and its billionaire owners are being sued by five more states alleging the company's aggressive marketing of the OxyContin painkiller triggered a vast addiction epidemic that has ...