Reinsurance
Calif. Wildfire Relief Fund Reportedly Mulled to Address Liability Costs, Relief
California lawmakers are said to be considering a proposal to help utilities shoulder billions of dollars in potential liability costs while offering relief to wildfire victims by setting up a ...
Caribbean Insurers Well Withstood Impact of Record-Setting Hurricanes: A.M. Best
An analysis of A.M. Best-rated property/casualty insurers based in the Caribbean reveals that hurricanes Irma and Maria were mainly earnings events, and that the responsiveness of reinsurers allowed ...
New Hurricane Season Begins as Houston Continues Rebuilding From the Last One
In an empty lot where Vincent Shields' Houston home once stood, he points out properties whose owners were driven out after Hurricane Harvey inundated the region last summer. "On this street there's ...
Aon Promotes Marcell to Lead Reinsurance Solutions Unit
Aon plc promoted a veteran executive from within to lead its Reinsurance Solutions unit, a change stemming in part from a decision to retire two long-time brands and streamline. Andrew Marcell will ...
Executives On The Move at Chubb, JLT Specialty USA and Mt. Logan Re
Chubb beefed up its Energy Industry Practice with two new leadership appointments. JLT Specialty USA, appointed a seasoned executive to its U.S. Aerospace Team. There's a changing of the guard in ...
AXIS Re Revamps Operations, Eyes Asia Expansion and New Products
AXIS Re, the reinsurance unit of AXIS Capital Holdings Ltd., has reorganized and expanded its product offerings in key areas and regions in a bid to stay competitive. "As the market transforms, we ...
Alberto Wasn’t Necessarily the Harbinger of a Rough Hurricane Season
Subtropical Storm Alberto kicked off the Atlantic hurricane season a week early, but don't take that as a harbinger of terrible weather. In fact, cooler ocean temperatures are already spurring ...
Allianz Invests in Africa Re, Continuing an Africa Expansion
Germany's Allianz Group will acquire an 8 percent stake in Africa's largest reinsurer, Africa Re, in a cash deal worth $81 million. The deal makes Allianz one of Africa Re's largest shareholders and ...