Reinsurance
Insurer Hedge Fund Investments Drop a Second Year; AIG a Big Driver of Trend
Insurers continue to reduce their investment in hedge funds in a big way, according to a new A.M. Best report. American International was one of the biggest drivers of the downward trend, with its ...
UK Motor Insurers Will Mutualize Claims for Terror Attacks Using Vehicles as Weapons
UK motor insurers have voted for the Motor Insurers Bureau (MIB) to handle and pay the claims from victims involved in a terrorist event where a vehicle is used to kill or injure. MIB is the UK's ...
UK Official Warns EU Risks Forcing Chaotic Brexit Without a Deal
British Foreign Secretary Jeremy Hunt said the U.K. will not "blink" in Brexit negotiations, as he warned the European Union it risks forcing the country to crash out of the bloc with no deal. On his ...
Greenlight Re’s First-Ever Chief Operating Officer to Step Down for Personal Reasons
Greenlight Capital Re, known informally as Greenlight Re, is losing its chief operating officer after he joined the company less than a year ago. The specialist property/casualty reinsurer disclosed ...
Focused Recruitment, Mentoring Can Help Reduce Shortfall of Female Insurance Execs: White Paper
Women are now a large part of the insurance industry workforce in general, but they remain a sparse presence among board seats and top executives, according to a new industry group white paper that ...
May Pushes Her Brexit Plan as Practical and Workable
British Prime Minister Theresa May's speech on Friday about Brexit had two audiences who weren't in the room: the European Union, whom she urged to engage with her proposals, and her own party. "Our ...
Marine Insurance’s Risk Rating Revolution: Why Insurers Cannot Afford To Be Left Behind
According to container logistics company Maersk "everything that can be digitized will be digitized,"and there is no doubt that the world of shipping is currently undergoing a digital revolution. ...
UK Insurers, Banks Warned to Prepare for ‘Hard’ Brexit
Britain's banks and insurers must plan for a "hard" Brexit in case a transition period is not in place next March, a senior British regulator said on Thursday in a warning echoed by Brussels. "With ...