Reinsurance
Act 2 of the InsurTech Revolution Is on Its Way
The digital revolution in insurance is about to begin its second act. Having in its first phase used science and technology to inspire a rethinking of insurance that is making insurance easier and ...
Damage From Hurricane Michael Could Reach $4.5B in Florida Alone: Standard & Poor’s
Hurricane Michael is expected to inflict up to $4.5 billion in insured losses on coastal and inland Florida, according to a report from Standard & Poor's. But while the hurricane will be costly ...
Runoff Firm Catalina Raises $700M; RenRe, Apollo Become Shareholders
Catalina Holdings (Bermuda) Ltd., a legacy runoff property and casualty re/insurance specialist, announced it has raised $700 million in equity capital and concluded its shareholder restructuring ...
AIG CEO Duperreault’s Validus Acquisition Could Heighten Carrier’s Storm Loss Exposures
American International Group Inc.'s Brian Duperreault spent his first year as chief executive officer on a rebuilding effort, and his biggest acquisition is the one that can magnify the insurance ...
Excess Capacity Is Keeping London Market Insurers’ Profits Under Pressure: Fitch
The profitability of London market and Lloyd's insurers is expected to remain under pressure in 2018, despite the fact that rates improved slightly following the catastrophe losses in the second ...
As Hurricane Michael Hits, a Look Back at September’s Natural Catastrophes
September was a tough month for the United States in terms of tropical cyclones, and sites around the world faced tsunamis, typhoons and earthquakes. The United States dealt with two over the 30-day ...
Ascot Group Establishes U.S. Division; Wolyniec Named to Lead It
Ascot Group has established a U.S. division and has promoted an executive from within to lead it. The Bermuda-based specialty insurer and reinsurer appointed Greg Wolyniec as president and CEO of ...
Lloyd’s Pledges to Pay All Valid Claims if Hard Brexit Takes Place
Lloyd's said it is working on transferring all European Economic Area (EEA) business to its EU headquarters, Lloyd's Brussels, before the end of 2020 via a Part VII transfer. Part VII transfers, in ...