Reinsurance
Britain’s Finance Industry Attacks Brexit Trading Plans
Britain's finance industry attacked the government on Thursday for ditching its blueprint for trade with the European Union after Brexit, saying this was a blow for Britain's biggest exporter. The ...
‘AXA XL’ to Debut When AXA Group Completes $15.3B XL Group Buy
AXA XL is the new name of the division AXA Group will create with its planned $15.3 billion cash acquisition of XL Group, a deal expected to close sometime in the 2018 second half. The name covers a ...
UK Insurers, Banks Must Be Transparent About Data Collection or Face New Rules: UK Regulator
Britain's banks and insurers must take the lead in spelling out how they will use data collected from customers or they could face new rules, Financial Conduct Authority Chair Charles Randell said on ...
Insurers Increasingly Leverage Reinsurance & Cat Models for Strategic Risk Management
With competitive reinsurance rates and abundant capacity, many insurers are choosing to expand their strategic reinsurance purchases to mitigate earnings volatility and better manage their capital. ...
Executives On The Move at Hippo and Everest Insurance
California-based InsurTech Hippo hired two new executives and appointed two additional board members. Everest Re Group's Everest Insurance has a new Chief Claims Officer, who was promoted from ...
H1 2018 Generated $7.4B in New Catastrophe Bond Issuance: PCS
Catastrophe bond issuance for the 2018 first half failed to reach the record levels hit over the same period a year ago. The result was still positive and noteworthy, according to a new report from ...
Natural Disaster-Related Losses Reach 13-Year Low in H1: Munich Re
Overall losses from storms, flooding and earthquakes almost halved in the first six months of 2018 to $33 billion, the lowest figure in 13 years, reinsurer Munich Re said on Wednesday. Insurers paid ...
When Disaster Strikes, Sustainable Insurance and Reinsurance Industry Vital in Uncertain World: Swiss Re’s Ojeisekhoba
Following Hurricane Katrina in 2005, former U.S. Vice President Al Gore described it as "the first taste of a bitter cup that will be proffered to us over and over again." That devastating event ...