Reinsurance
Hannover Re CEO Wallin to Retire; Swiss Re’s Henchoz Will Replace Him
Hannover Re Chief Executive Officer Ulrich Wallin plans to retire in 2019, after the company's annual general meeting scheduled for May 8. Wallin's replacement will be Jean-Jacques Henchoz, a ...
Major Cyber Event Could Produce Significant Losses for Some Major Carriers: A.M. Best
Three of the top 20 cyber insurance providers could face "meaningful to significant gross losses" from a single-event cyber catastrophe, according to an A.M. Best report based on modeling conducted ...
Japan Floods Leave Behind Up to $4B in Insured Losses: AIR Worldwide
Massive flooding in Japan earlier this summer will be costly, with insured losses landing between an estimated $2 billion and $4 billion, according to AIR Worldwide. As the catastrophe modeling firm ...
No-Deal Brexit Could Affect Everything From Insurance Contracts to Consumer Pricing
Britons face higher prices when buying from the European Union unless the government can secure a Brexit deal, while retirees in countries like Spain risk losing access to pensions paid into U.K. ...
Hawaii Still Vulnerable to a Weakened Hurricane Lane
Hurricane Lane has lost some of its punch as it prepares to brush past Hawaii but still threatens to inflict "tens of millions of dollars" in damages on the islands. The storm weakened to Category 4 ...
The Hartford, Eyeing Specialty Markets, Will Grab Navigators in $2.1B Cash Deal
The Hartford plans to snatch up The Navigators Group in a $2.1 billion cash deal that will boost its specialty insurance and reinsurance offerings while giving it a larger global reach. Plans call ...
Think Tank Examines Sustainability of Cyber Insurance Market
Although cyber risk premiums have expanded sizably in recent years with loss ratios that compare favorably to other product lines, the danger of accumulation risks is a key concern for the market, ...
Argo Group’s Tech Investments Earn Kudos, Outlook Upgrade From S&P
Argo Group's investment in a digital infrastructure and new growth earned a vote of confidence from Standard & Poor's, which raised its outlook for the specialty insurer and reinsurer to positive ...