Reinsurance
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 ...
Senior Democrat Urges Tougher U.S. Response to Cyber Attacks
A senior Democratic senator warned Friday that the U.S. is failing to defend against continuing cyber attacks by China, Russia and other countries, urging the Trump administration to show resolve to ...
Last-Ditch Lawsuit Seeks to Invalidate Brexit Referendum
A group making a last-ditch attempt to challenge the June 2016 Brexit vote asked a London court to review whether findings that "corrupt and illegal practices" took place during the campaign were ...
For Two Years Running, U.S. Wildfire Claims Payouts Will Exceed $10 Billion
Here's an ominous milestone for the property/casualty industry: 2018 will likely be the second consecutive year where insurance claims payouts related to annual U.S. wildfires will exceed $10 ...
Executives On The Move at Planck Resolution and AGCS
Planck Resolution hired a former AIG executive in a key role. Allianz Global Corporate & Specialty promoted one of its executives to become North America regional head of Entertainment. *** A ...
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 ...