Reinsurance
Insurance Linked Securities Market Reached $93B in 2018: Willis Re
Growth of the insurance-linked securities (ILS) market reached $93 billion in 2018, up from $88 billion during the prior year, according to the new ILS Market Update from Willis Re, the reinsurance ...
Two AI InsurTech Startups Win Zurich Insurance’s First Global Innovation Competition
Two startups focused on artificial intelligence are the big winners of Zurich Insurance Group's first-ever innovation competition. Chisel AI, based in Toronto, is the Gold winner in the Zurich ...
Lead Transformation by Acknowledging Smarter People in the Room: Providence Mutual CEO Parrillo
As insurance executives fret about helping their companies embrace new technology and change, one CEO offers this idea: Embrace that there are other, smarter people in the room. "Everybody in my ...
The Latest Launches From AmTrust Financial Services and Everest Insurance
AmTrust Financial Services is underwriting a new warrantee product that covers propulsion batteries used in electric vehicles. Everest Insurance launched liability coverage designed for ...
28 Carriers Join FEMA Renewal of $1.3B Reinsurance Program
The Federal Emergency Management Agency (FEMA) has renewed for the third year a reinsurance program that transfers future catastrophic flood insurance losses to the private sector. The 2019 ...
Business Interruption: U.S. Automakers Curtail Operations After Severe Cold, Gas Utility Fire
The three largest automakers in the U.S. suspended operations, or dialed them back, at several plants on the coldest day of the year after a fire at a natural gas facility in Southeast Michigan ...
Covea Abandons Hostile Takeover of French Reinsurer SCOR
Scor SE slumped the most in more than a decade in Paris trading after rival Covea abandoned efforts to buy the French reinsurer, ending one of the country's most acrimonious takeover attempts in ...
AXIS Loses Nearly $200M in Q4
AXIS Capital Holdings closed out its 2018 fourth quarter with a nearly $200 million net loss, something President and CEO Albert Benchimol blamed largely on higher property catastrophe losses. The ...