Reinsurance
Alberto, a Relative Letdown, Caused $50M in U.S. Insured Losses: Karen Clark & Co.
Subtropical Storm Alberto — the first named storm of the 2018 Hurricane Season — will likely cause close to $50 million in insured losses in the United States, according to catastrophe modeling ...
Swiss Re Loses SoftBank as Potential Investor, but Would Welcome Another
Swiss Re AG said it would continue to welcome an anchor investor after Masayoshi Son's SoftBank Group Corp. ended its pursuit of a stake in the world's second-largest reinsurer. The collapsed talks ...
U.S. Forecasters Predict 2018 Atlantic Hurricane Season Could Be Above Normal
U.S. forecasters expect the 2018 Atlantic hurricane season will be near-normal to above-normal in number and intensity of storms, the National Oceanic and Atmospheric Administration's (NOAA) Climate ...
InsurTech Investment Deals Hit New High in Q1: Willis Towers Watson
InsurTech investment deals reached a new high in the 2018 first quarter, with older insurers and reinsurers increasingly committing financing right along with traditional venture capitalists, Willis ...
Much More M&A Is Coming as Companies Seek Scale/Tech Advances: A.M. Best
Expect more property/casualty insurance and reinsurance M&A deals in the months ahead — particularly among smaller carriers — as companies continue seeking scale and technology to improve ...
Insurers Back Global Regulation Provision in Newly-Passed Banking Reform Bill
The financial services regulatory reform measure passed by Congress yesterday, which contains parts of more than 25 different bills, includes a provision on international insurance regulation that is ...
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. ...