Reinsurance
EU Seeks to Give Insurance, Other Finance Regulators More Post-Brexit Powers
The European Union moved a step closer on Thursday to beefing up its regulators to increase safeguards for consumers and create an EU capital market that reduces the bloc's reliance on Britain's ...
Trump to California: Change Forest Management Practices or Lose Wildfire Aid
President Donald Trump, who has blamed California's forest management for last year's disastrous fires, threatened to halt the Federal Emergency Management Agency's assistance to victims unless that ...
Liberty Mutual Once Again Taps Capital Markets’ Reinsurance Capacity
Liberty Mutual has once again directly tapped capital markets' reinsurance capacity via the Bermuda collateralized reinsurance sidecar, Limestone Re Ltd. Limestone Re provides approximately $150 ...
Executives On The Move at AXIS, AXA XL and W.R. Berkley’s Acadia Insurance
AXIS Capital Holdings brought in a former Allstate executive as its new chief analytics officer. AXA XL hired on a new executive for its Excess Casualty Insurance team. W.R. Berkley Corp.'s Acadia ...
Insurers Spent One Dollar in Four on Forest Fires Through 2018: Munich Re
Forest fires are becoming increasingly likely because of climate change and costing insurers more than ever, with the deadly fire that ravaged northern California the single most expensive natural ...
Everest Re CEO Addesso Will Retire at 2019’s End
Everest Re Group Ltd. President and CEO Dominic Addesso plans to retire at the end of 2019, the Bermuda-based insurer and reinsurer disclosed on Jan. 7. The board of directors has already begun a ...
Billions in Federal Storm Mitigation Money Not Being Spent
The Trump administration is sitting on billions of dollars intended to help vulnerable cities and states prepare for extreme weather, prompting growing criticism from state officials worried about ...
Flood Insurance Reform Among Many Bipartisan Issues on House Finance Chair Waters’ Agenda
As Maxine Waters takes the gavel of the powerful House Financial Services Committee, it's not clear whom she'll end up disappointing more: business-friendly Democrats or progressive Democrats. ...