Reinsurance
RenRe Hopes to Close Tokio Millennium Re Acquisition ‘As Soon as Possible’
RenaissanceRe Holdings said it plans to close its $1.5 billion purchase of Tokio Millennium Re "as soon as possible," now that all of the necessary regulatory approvals are in place. In October, ...
Executives On The Move at Zurich, Sompo International and Hiscox USA
Zurich Canada has a new head of property. A veteran of AIG's Lexington Insurance Company joined Sompo International Holdings Ltd. as a senior vice president. Hiscox appointed a new head of Product ...
The Latest Launches From Aon and Swiss Re
Aon is partnering with an InsurTech to help insurers evaluate their portfolio risks by way of a wildfire risk model using artificial intelligence. Swiss Re has launched new parametric insurance cover ...
Crop Insurance Subsidies in Jeopardy Under Trump’s 2020 Budget
President Donald Trump's "I LOVE YOU!" tweet to farmers is facing another challenge: Budget cuts that will slash subsidies for crop insurance and small growers. Trump's 2020 budget, released Monday, ...
The Latest Launches From W.R. Berkley Corp and Pool Re
A division of W.R. Berkley Corp. is selling an insurance product that covers individuals for embezzlement of their invested assets. Pool Re, Britain's terrorism reinsurer, is working with UK ...
PartnerRe Reorganizes Property & Casualty Arm Into 3 Regional Units
PartnerRe plans to reorganize its Property & Casualty arm into a regional structure and will make several changes to its executive leadership team as part of that process. Effective April 1, ...
UK Likely to Vote for Brexit Postponement After May’s Deal Rejected Again
U.K. Prime Minister Theresa May's Brexit deal was rejected once again by Parliament, throwing the country deeper into political crisis and raising the prospect that the divorce will be delayed or ...
Boeing Shareholders Endure Stock Market Plunge as More Countries Ground 737 MAX 8 Planes
Boeing Co's fall in stock market value this week soared past $20 billion on Tuesday as more countries including the United Kingdom grounded the plane maker's 737 MAX 8 aircraft following Sunday's ...