Reinsurance
Plenty of Reinsurance Capacity Remains for Mid-Year Renewals: Aon Benfield
Global reinsurer capital continued to rise in 2017, despite the $136 billion in insured losses from natural catastrophes last year, according to a reinsurance market report published by Aon Benfield. ...
U.S. Small Businesses Hammered by Uninsured Losses From 2017 Storms
Small businesses in the United States struggled with uninsured damages and lost revenue following a record-breaking year of hurricanes and wildfires, according to a Federal Reserve survey published ...
Multiples Parties Were Interested in XL Besides AXA, Filing Reveals
According to details revealed in a public filing Monday, two parties approached XL Group for potential tie-ups before AXA started to pursue a deal—and seven, in total, were interested before AXA ...
Executives On The Move at AIG and CNA
American International Group hired on a veteran XL Catlin executive for a leadership role in its General Insurance arm. A former AIG executive is joining CNA as its new senior vice president, Global ...
Wildfire Fallout: Everest Re Estimates $100M Q1 2018 Catastrophe Loss
Everest Re Group disclosed it will be dealing with $100 million in estimated catastrophe losses for its 2018 first quarter. California wildfires and related events are to blame. The Bermuda-based ...
EU Urges Financial Firms to Plan for Brexit Now Despite Transition Deal
European Union regulators urged banks, investors and customers on Thursday to take "timely action" to avoid disruption to cross-border derivatives and insurance contracts caused by Brexit. Britain ...
The Trouble With Algorithms Behind Driverless Cars, Insurance and More: Viewpoint
Self-driving cars keep killing people. Just in the past few weeks, one crashed into a highway barrier and another ran over a pedestrian. This will inevitably lead to much hand-wringing about the ...
Sompo International Retail Insurance Platform Will Integrate International Businesses
Sompo International Holdings Ltd. is launching a retail platform designed to integrate all the operations of Sompo Holdings Inc. outside Japan. Sompo Holdings has 45 licensed entities spanning 32 ...