Reinsurance
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 ...
W.R. Berkley’s Reinsurance Combined Ratio Worsens; Q4 Net Income Dips
W.R. Berkley Corp. ended 2018 with a decline in net income and worsening reinsurance combined ratio, thanks to higher catastrophe loss expenses. At the same time, insurance premiums and investment ...
Travelers Gains Approval to Open Post-Brexit Subsidiary in Ireland
Travelers' European arm has been granted a license to open a subsidiary in Ireland. "During the Brexit negotiations, our priority has been to ensure that we are positioned to continue meeting the ...
Be Kind, and Lead Well
For all good leaders, kindness counts. That quality reflects a leader who is sensitive and empathetic about his or her team and what they need to succeed, Mary Anne Amato writes in a recent "Leading ...
Executives On The Move at Arch Insurance, Great American and Lloyd’s
Arch Insurance in North America hired a former Travelers executive to lead a newly created business unit. Great American Insurance Group named a new executive as divisional vice president of its ...
UK Lawmakers Vote to Have May Demand EU Reopen Brexit Deal
British lawmakers on Tuesday instructed Prime Minister Theresa May to demand that Brussels replace the Irish border arrangement known as the "backstop," in a last-ditch attempt to renegotiate an exit ...