Reinsurance
Lloyd’s of London Is Pursuing a Strategic Review of Its Entire Operations
Lloyd's of London is reviewing all aspects of its business, including its centuries-old structure, to ensure it is cost-competitive and responsive to both clients and members, especially after ...
National Flood Insurance Program Wins Yet Another Short-Term Extension
Congress avoided a lapse in the federal flood insurance program when the Senate voted 86-12 on July 31 to extend authorization for the program by four months to Nov. 30. The National Flood Insurance ...
Insurers Increasingly Seek Legacy Transfers to Shed Long-Tail Liabilities
Several recent reserve cover deals—including the single-largest reinsurance transaction on record—demonstrate a growing interest on the part of insurers to shed their long-tail liabilities. A ...
Extraordinary Re’s Extraordinary Idea
Imagine there's a way for institutional investors to trade insurance risks much like they trade stocks. Well, imagine no more. A new and unique reinsurer, Extraordinary Re, has hit upon the novel ...
For AXIS, Trend Continues of Post-Acquisition Positive Financial Results
AXIS Capital Holdings saw its 2018 second quarter behave very much like the first: healthy gains in net income and premiums written. These gains stem mostly from the Bermuda-based insurer and ...
Extreme Weather, Record Temperatures Drag on in Europe and Asia
Extreme weather that's gripping northern Europe and parts of Asia may persist through early August, prolonging a deadly heatwave that's parched crops and sparked devastating forest fires. ...
Catastrophe Bonds A to Z
A reader of this publication, the president of an insurance agency, recently wrote to say he kept hearing about catastrophe bonds but had little knowledge of what they were. He was curious if these ...
Insurers Faced Lower-Than-Average Natural Disaster Losses in H1: Impact Forecasting
It looks like economic and insured losses were relatively benign in the first six months of 2018. Global economic losses for natural disasters hit the $45 billion mark in the 2018 first half. Insured ...