Reinsurance
Ironshore Bermuda Rebranded as Liberty Specialty Markets; Horton to Lead
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, is integrating its Ironshore Bermuda businesses and brands into a single entity called Liberty Specialty Markets Bermuda. The ...
Global Reinsurance Market Outlook Upgraded to Stable: A.M. Best
A.M. Best has upgraded its outlook for the global reinsurance market to stable from negative, citing greater market stability and the benefits that alternative capital brings to the table. Stability ...
Brexit Vote Places UK Future at Stake, EU Negotiator Argues
The British parliament's vote on Prime Minister Theresa May's Brexit deal will determine the future of the country, the chief EU Brexit negotiator said on Thursday, insisting that the deal was the ...
The Hartford Warns of Up to $365M in Pretax Losses From Wildfires, Hurricane Michael
The Hartford said it will see between $350 million and $365 million in Q4 2018 pre-tax catastrophe losses from California's Camp and Woolsey fires as well as Hurricane Michael. After tax, the net ...
Executives On The Move at Hamilton Insurance Group and Everest Insurance
Hamilton Insurance Group appointed a new executive who will be focused on strategy and corporate development. Everest Insurance hired a vice president focused on marketing and ...
UK Can End Brexit If It Wishes, According to EU Top Court Opinion
The U.K. should be allowed to reverse Brexit, according to an advisory opinion from the European Union's top court that will fuel the campaign to thwart the divorce. The opinion, which isn't binding, ...
Chubb Predicts an Estimated $225M in Pretax Losses From California Wildfires
Chubb Ltd. said that the latest round of California wildfires caused an estimated $225 million in pre-tax losses that will ding its 2018 fourth-quarter results. Those losses hit $195 million after ...
Flood Insurance, Terrorism Cover, FIO Will Be on the 2019 P/C Congressional Agenda
Reform and long-term renewal of the National Flood Insurance Program will be high on the property/casualty insurance industry's agenda when the new Congress begins its work in January 2019. Congress ...