Reinsurance
UK Insurer Shares Tank After Hostile Weather and RSA Profit Warning
Just like a lot of British houses this summer, U.K. insurance stocks are sinking. The country's nonlife insurers sector had its steepest drop in more than a year-and-a-half on Friday after its ...
Few Small Businesses in Puerto Rico Had Full Insurance Before Hurricane Maria
Only a tiny fraction of small businesses in Puerto Rico was fully insured for losses arising from last year's Hurricane Maria, which hit revenue or raised costs for more than three-quarters of them, ...
S&P Ratings Outlook Improves for Berkshire Hathaway Insurance Subsidiaries
Berkshire Hathaway's insurance subsidiaries are the beneficiaries of an improved ratings outlook from Standard & Poor's Global Ratings. S&P said it revised its outlook to stable from negative ...
Cautious Carriers Often Pursue Innovation Warily: A.M. Best
Insurers are reluctant pursuers of innovation, cautious about disruption that new technology and systems can cause, even as they see the need for such changes. A new A.M. Best survey found that most ...
Opinion: Climate Change Costs Could Be Even Higher Than Some Predict
The potential costs of climate change, already the subject of heated debate, may actually be understated. It's not just the potential disruptions to weather systems, agriculture and coastal cities; ...
Executives On the Move at Chubb, AXA XL and Cooper Levenson
Chubb named a new head of North American Property Claims, as the old one plans a retirement at the end of 2018. AXA XL named a new key executive in the wake of AXA's acquisition of XL Group. A ...
Brexit Drama: UK PM May Vows Not to Flinch in Negotiations Impasse
Prime Minister Theresa May said Britain would not flinch in an impasse with the European Union about its departure from the bloc, as French and German ministers suggested the next move in the ...
Executives On The Move at Swiss Re and AXIS Reinsurance
Swiss Re is turning to a veteran Allianz executive for the new leader of its Corporate Solutions arm. An MS Amlin executive will join AXIS Reinsurance to lead its property reinsurance business at ...