Reinsurance
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. ...
Still More Brexit Drama: UK PM May Warns of ‘Uncharted Territory’ With Rejected Deal
Prime Minister Theresa May said on Sunday that Britain would be in uncharted territory if her Brexit deal is rejected by parliament later this month, despite little sign that she has won over ...
Ex-Berkley Exec Vetch Joins Hamilton Underwriting Ltd. as CFO
A former W.R. Berkley Corp. executive is now chief financial officer of Hamilton Underwriting Ltd., the managing agency of Syndicate 3334 and the Lloyd's operations of Hamilton Insurance Group. ...