Reinsurance
No-Deal Brexit Tariff Uncertainty Increases Risk Worries for Companies
Confusion around which goods will be subjected to U.K. import tariffs in a no-deal Brexit is exasperating companies as they seek to finalize preparations for the split. The government will reveal ...
Carriers Will Increasingly Target InsurTechs for Investment, Acquisition in 2019: Deloitte
Carriers will increasingly seek InsurTech startups as investment and eventual M&A targets in 2019, according to Deloitte's predictions outlined in a new report. "Insurance companies' appetite for ...
High Cat Losses Helped Spike U.S. P/C Rating Downgrades in 2018: A.M. Best
U.S. property/casualty rating downgrades more than doubled in 2018 compared to the previous year, a result stemming from factors including catastrophic weather losses and challenging pricing ...
ChainThat Will Debut Blockchain-Driven Risk and Capital Exchange in Bermuda
A blockchain-driven risk and capital exchange for the insurance and reinsurance market is set to be launched in Bermuda later this year by ChainThat. The exchange will allow broker, reinsurance and ...
Still No Brexit Deal Despite Plenty of Compromises From UK PM May
U.K. Prime Minister Theresa May is trying to get her Brexit deal rewritten in Brussels to make it acceptable to Parliament. Since her deal was defeated by a massive 230 votes on Jan 15, May has made ...
U.S. Carriers Pursue Renewal of Federal Terrorism Risk Insurance Program
U.S. insurers are pushing for the extension of a federal terrorism risk insurance program, hoping to fend off a possible gap that would leave their clients scrambling for alternate coverage. The ...
Berkshire Hathaway Launches Irish Insurance Subsidiary for Post-Brexit Operations
Berkshire Hathaway Insurance Group is readying for Brexit with news that its European division is launching an Irish subsidiary that will operate in the European Union. Based in Dublin, the Berkshire ...
The Latest Launches From Allstate and Travelers
Allstate disclosed that its coverage for Uber drivers is now offered in 11 additional states. Travelers' Canadian arm is launching new services for specialty insurance corporate customers that come ...