Reinsurance
Critics Worry FEMA Isn’t Ready for Hurricane Season
With just a week to go before hurricane season, top jobs at the U.S. Federal Emergency Management Agency remain vacant and critics say that will make it harder for the government to respond to ...
Lloyd’s Wins Approval to Open Its Post-Brexit London Subsidiary
Lloyd's of London has approval for its post-Brexit EU outpost in Belgium. The license approval came from the National Bank of Belgium for Lloyd's Insurance Co., or the Lloyd's Brussels outfit. ...
Executives On The Move at AXIS Capital Holdings and Guy Carpenter
An AIG veteran is joining AXIS Capital Holdings as its new head of Investor Relations. Guy Carpenter & Company appointed a new managing director and senior broker for its UK non-marine ...
May’s ‘Ring of Fire’ Storms Will Produce $2.5B in Insurance Claims: Karen Clark & Co.
Heavy wind, hail and rain storms—a "ring of fire" that struck most states east of the Rocky Mountains May 11-16—will likely produce substantial insurance claims, catastrophe modeling firm Karen ...
New EU Data Protection Law May Lead to Diminished Underwriting Quality: A.M. Best
Complying with the European Union's new General Data Protection Regulation is leading insurers and reinsurers to dilute the types of data they gather—something that could diminish underwriting ...
NAIC Panelist: Catastrophe Modeling Is in Demand, Well Beyond P/C Insurance
Catastrophe modeling is going mainstream, well beyond the world of property/casualty insurance underwriting. It is becoming a necessary tool as consumers and the municipalities in which they live ...
Progressive, Travelers, Chubb Among Insurers Pulling Back From Muni-Bond Market
Some of the biggest U.S. insurers reduced their holdings of state and local government bonds after the corporate tax cut took effect this year, marking a retreat by a key buyer in the $3.9 trillion ...
Executives On The Move at XL Catlin and Arch Capital Group
XL Catlin promoted two executives who will fuel expansion of its regional U.S. War, Terrorism & Political Violence Insurance team. Arch Capital Group's Arch Insurance Europe named an executive ...