Reinsurance
AXIS Gains S&P Outlook Upgrade, as Strategic Initiatives Elicit Support
AXIS Capital Holdings won an outlook upgrade from Standard & Poor's Global Ratings as well as an affirmation of its other ratings, thanks to growing confidence in its various strategic ...
U.S., Britain Sign Post-Brexit Covered Agreement for Insurance
The U.S. Treasury and U.S. Trade Representative's office said on Tuesday they intended to sign a new bilateral insurance agreement with Britain that will provide insurance market regulatory certainty ...
Sweden’s Wildfires Just One Sign of Growing European Climate Disaster
Hannele Arvonen, the owner of one of Sweden's largest lumber yards, is spending the winter months planning for a new and unexpected threat to her business: regular wildfires raging just south of the ...
Brexit Will Cause ‘Slow Puncture’ of Britain’s Financial Sector
Life in London's financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centers like Paris, ...
BHSI Pulls Out of Hong Kong Employees’ Compensation Terrorism Pool
Berkshire Hathaway Specialty Insurance Co. disclosed it has withdrawn from the Hong Kong Employees' Compensation (EC) terrorism pool. BHSI claims to now be the first insurer in Hong Kong to provide ...
A.M. Best Keeps Stable Outlook for U.S. Commercial Lines, Despite Pricing Pressure Worries
The U.S. commercial lines segment gets to keep its A.M. Best stable outlook, based on a variety of market conditions and government actions that have left it in mostly solid shape. Healthy ...
Brexit Vote Delayed So May Can Avoid Defeat, Seek Better Deal With EU
U.K. Prime Minister Theresa May is calling off a crucial vote in Parliament on whether to approve her Brexit deal and will head back to Brussels to seek a better offer from the European Union. May ...
Liberty Mutual Forms $1B Risk-Sharing Deal with OPIC, Furthering Diversification Strategy
Liberty Mutual Insurance has formed a $1 billion risk-sharing agreement with the Overseas Private Investment Corp. (OPIC), the U.S. government's development finance institution, which furthers the ...