Reinsurance
AIA, PCI Members Approve Merger; Combined Group Debuts on Jan. 1
Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes effect in 2019, and the combined organization is set to have ...
AXIS Estimates Pre-Tax California Wildfire Losses Could Hit $150M
AXIS Capital Holdings Ltd. predicts between $125 million and $150 million in pre-tax losses for the 2018 fourth quarter stemming primarily from California wildfires. AXIS said that the preliminary ...
A Four-Day Work Week Might Motivate Staff, Lead to Higher Productivity
Work four days a week, but get paid for five? It sounds too good to be true, but companies around the world that have cut their work week have found that it leads to higher productivity, more ...
RenRe, Dutch Pension Fund Manager Launch New U.S.-Focused Reinsurer
RenaissanceRe Holdings Ltd. teamed with Dutch pension fund manager PGGM to launch Vermeer Reinsurance Lt., a reinsurer designed to provide capacity focused on risk remote layers in the U.S. ...
At $79B, 2018 Global Insured Losses Hover Near Record Territory: Swiss Re
Total economic losses from natural and man-made disasters in 2018 are down from the previous year, but insured losses are hovering near record territory. Swiss Re's latest sigma report calculated an ...
The Latest Launches From Zurich Insurance and JLT Re North America
Zurich Insurance is launching a new app designed to help give distributors its general risk appetite across multiple industries. JLT Re North America is partnering with personal auto InsurTech Pact ...
U.S. P/C Insurers’ Interest in Hedge Fund Investments May Be Waning: Fitch
U.S. property/casualty insurer interest in hedge fund investments may be waning, according to a new Fitch report. Fitch said that the industry's investment position in other alternative investments ...
Swiss Re Appoints Leader for ReAssure as it Mulls Possible IPO
Swiss Re named a chief executive officer for its British closed book business ReAssure on Monday as the Swiss reinsurance company prepares the business for a possible initial public offering (IPO). ...