Reinsurance
Executives On The Move at W.R. Berkley Corp. and AXIS Capital Holdings
W.R. Berkley Corp. promoted two executives: one within its Berkley Public Entity arm and the other at its Admiral Insurance Unit. AXIS Capital Holdings Ltd. appointed an executive to its board of ...
Munich Re Closes Acquisition of IoT Startup That Helps Companies Pursue ‘Digital Transformations’
Munich Re has closed its acquisition of relayr, an Internet of Things-related software company in which it had initially invested in 2016. The acquisition, through Munich Re subsidiary Hartford Steam ...
Hurricane Maria Aftermath: Carriers Leave 13,600 Unresolved Claims a Year After Storm
Thousands of Puerto Ricans have been forced to drain their savings, close their businesses, or resign themselves to living with structural damage as they fight insurance companies over millions of ...
Chubb CEO Greenberg: New Lloyd’s Leader Neal Has His Work Cut Out for Him
Chubb President and CEO Evan Greenberg offered positive words about new Lloyd's of London CEO John Neal, though he cautioned that the venerable insurance marketplace has a long way to go to address ...
Reinsurance Backed by ‘Alternative’ Capital Is Now Mainstream: Willis Towers Watson
The insurance-linked securities (ILS) market is here to stay, said a new survey from Willis Towers Watson. End investors, ILS funds, and buyers – the three groups active in ILS – have ...
Berkley’s Q3 Net Income Came in Flat; Premiums, Investment Income Grew
W.R. Berkley Corp.'s third quarter featured flat net income but also higher premiums and soaring investment income. The Connecticut-based insurer and reinsurer said it generated $162 million in net ...
Aspen Contacted More Than Two Dozen Potential Buyers, Filing Says
Although Aspen Insurance Holdings, through its representatives, reached out to 26 potential parties to find a buyer for the company, 17 said they weren't interested right off the bat, according to ...
Owners of Singapore Reinsurer ACR Capital Holdings May Revive Sale Efforts
ACR Capital Holdings Pte shareholders are considering reviving a sale of the Singapore reinsurer, less than a year after a deal with Chinese buyers fell apart, people familiar with the matter said. ...