Reinsurance
AXIS Sees Early Benefits From 2017 Novae Acquisition
AXIS Capital Holdings saw its first-quarter net income and premium volume jump considerably, year-over-year, gains driven largely from its $611.5 million acquisition of Novae Group plc in late 2017. ...
Insurers Handed Updated Disaster Response/Recovery Plan Requirements in New York
The New York Department of Financial Services (DFS) has issued updated disaster response and recovery plan requirements for all insurance companies licensed to conduct business in New York state. It ...
Investment Gains Help Boost W.R. Berkley’s Q1 Results
Save for some struggles with reinsurance, W.R. Berkley Corp. reported solid numbers for the first quarter. The company said an ongoing strategy to minimize volatility and a big gain in investment ...
Executives On The Move at Sompo International and Erie Insurance
Sompo International Holdings promoted one of its veteran executives to a newly created position, and he'll also keep his existing leadership slot. Erie Insurance promoted one of its rising executives ...
Chubb CEO Greenberg Disses ‘Overpriced’ M&A Market, Lloyd’s Underwriting Practices
Don't expect Chubb to pursue an acquisition anytime soon. Chairman and CEO Evan Greenberg repeatedly downplayed the possibility of one in what he referred to as an "overpriced" market. "The prices ...
Arch Re Will Pass Runoff Liabilities Onto Catalina General Insurance
Arch Reinsurance Ltd. said that its runoff liabilities from some discontinued operations will now be handled by Catalina General Insurance Ltd. The reinsurance transaction specifically involves some ...
Chubb Stung by Catastrophe Losses, Net Income Still Steady
Chubb felt the sting of higher catastrophe losses during its 2018 first quarter and a dip in underwriting income, but the insurance giant made a profit and saw its P/C net premiums rise. Net income ...
Lloyd’s Will Say Goodbye to Most Paper Trading in Less Than Two Years
Most business on the Lloyd's of London insurance market will be negotiated electronically by the end of next year, its chief executive Inga Beale said on Monday. The largest commercial insurance ...