Reinsurance
Major European Insurers Expect France to Shoulder Notre-Dame Rebuilding Cost
Major European insurers expect France to bear the bulk of the cost of rebuilding the Notre-Dame Cathedral after a fire tore through the eight-centuries-old Paris landmark on Monday. The cost of a ...
Executives On The Move at AXIS Re and PartnerRe
The leader of a major AXIS Re division is retiring, and someone is being promoted from within to replace him. PartnerRe hired an outside executive to help run its Americas division.
California Gov. Newsom Proposes Fund to Cover Wildlife Liabilities
California Governor Gavin Newsom on Friday proposed a new fund to pay for wildfire liabilities and said he would hold the state's largest utility more accountable for insuring safety against the ...
Allstate, Starr Companies Join $18M Financing for Amenity Analytics
Hank Greenberg's Starr Companies and Allstate contributed to a new $18 million financing round for Amenity Analytics, a startup developing cloud-based analytics designed to help businesses analyze ...
Argo Urges Shareholders to Reject Voce’s ‘Poorly Researched Claims’ at Annual Meeting
Argo Group is urging shareholders to reject allegations of "reckless behavior" and "poorly researched claims" from activist stockholder Voce Capital Management when the company's annual shareholder ...
Carriers Increasingly Dinged by ‘Secondary’ Catastrophe Perils : Swiss Re
The insurance industry must wake up to the growing cost of "secondary" catastrophe perils, which amounted to more than 60 percent of the $76 billion price tag for insured natural catastrophe losses ...
Several Oil Companies Allege U.S. Government Sold Toxic Crude
Exxon Mobil Corp. is the latest company to raise concerns that a stockpile of U.S. government crude is tainted with poisonous gas. The American energy giant said some of the oil it purchased last ...
Executives On the Move at Zurich and Third Point Re
Zurich Insurance's Canadian Unit named a new head of Liability, who starts in the position on July 1. Third Point Reinsurance Ltd. hired a veteran industry executive to lead its specialty treaty ...
Most Midwest Homes Lack Flood Insurance: A.M. Best
States hit hardest by recent Midwest flooding — including Missouri, Iowa, Kansas and South Dakota — generally have National Flood Insurance Program (NFIP) insured rates of less than 1 percent, ...