Reinsurance
Insurers, Other Finance Firms Get 15-Month Regulatory Grace Period if No-Deal Brexit
British regulators will give banks, asset managers, insurers and brokers until mid-2020 to fully comply with rules that replace European Union law in the event of a no-deal Brexit. The Bank of ...
Liberty Mutual’s 2018 Net Income Rebounds Significantly Higher
Liberty Mutual Holding Co. and its subsidiaries reported net income of $249 million for the fourth quarter 2018 and $2.16 billion for the full year 2018, increases of $44 million and $2.14 billion ...
Executives On The Move at AXIS Capital Holdings and Argo Group
A former Hartford executive is joining the board of directors at AXIS Capital Holdings Ltd. Argo Group International Holdings Ltd. appointed two new independent directors to its board of directors, ...
Pool Re Sells First Terror Catastrophe Bond
A U.K. reinsurer has sold the first terror catastrophe bond, giving investors the chance to lock in high yields in return for taking on terrorism risks. The 75 million-pound ($99 million) three-year ...
EU Pushes for Brexit Delay, With Length of Postponement at Issue
The European Union has made no secret that it thinks Prime Minister Theresa May should delay Brexit day. The question is, for how long. May on Tuesday promised the British Parliament a vote on a ...
Argo Shareholder Accuses CEO Watson of Pursuing ‘Shockingly High’ Corporate Expenses
An Argo Group shareholder is nominating four new directors to counter what it alleges are "shockingly high" corporate expenses including pricy real estate, an office art collection, and CEO Mark ...
Cyber Risk Prevention a Factor in InsurTech Investments’ Continued Climb: Willis Towers Watson
There were 63 InsurTech investment deals worth nearly $1.6 billion in the 2018 fourth quarter, according to a new Willis Towers Watson report. That's a 24 percent jump in deal count compared to the ...
IAALS Unveils New Protocols for First-Party Insurance Disaster Claims
A national legal group has developed new, streamlined protocols designed to promote a more efficient exchange of information in first-party insurance claims cases stemming from man-made and natural ...