Reinsurance
Executives On The Move at Hiscox, Kemper and Hub International
Hiscox promoted an executive to become its latest chief underwriting officer in the U.S., replacing another individual who is retiring. Kemper Corp. brought in a former CNO Financial Group executive ...
Once Again, A.M. Best Continues Negative Outlook for U.S. P/C Reinsurance Sector
A.M. Best is continuing its negative outlook for the U.S. property/casualty reinsurance sector in 2018, adding that the space's financial performance continues to be "lackluster." "At this point, ...
Parametric Insurance Can Help Close Global Insurance Protection Gap: Clyde & Co.
Parametric insurance can play a significant role in closing the insurance protection gap – a problem that plagues economies in both the developing and developed world, according to a report ...
Tax Law Aftermath: Some P/C Carriers Will See Domestic Earnings Soar; AIG, The Hartford Face Hits
Property/casualty insurers should see their domestic earnings grow by approximately 14 percent on average in 2018, thanks to the lower U.S. tax rate, according to a Morgan Stanley research note. ...
Executives On The Move at CNA and AXIS Capital Holdings
CNA appointed a former Chubb executive in a leadership role focused on underwriting for financial institutions. AXIS Insurance, a business segment of AXIS Capital Holdings Limited, promoted an ...
London Officials Say Brexit-Related Financial Job Losses May Be Less Than Feared
British banking, insurance and asset management job losses to the European Union due to Brexit might not be as heavy as initially feared, the City of London financial district said on Monday. Jeremy ...
FEMA Expands Private Sector Flood Reinsurance Program for 2018
The Federal Emergency Management Agency (FEMA) has completed a reinsurance placement with 28 private reinsurers to help the National Flood Insurance Program (NFIP) recover losses it may have to pay ...
Churches Now Eligible for FEMA Aid
The Federal Emergency Management Agency (FEMA) announced that private nonprofit houses of worship are now eligible for disaster assistance as community centers, without regard to their secular or ...
Executives On The Move at XL Group, Everest Re and QBE North America
XL Group has a new chief enterprise risk officer. Everest Re Group appointed a seasoned executive to head its Everest Insurance Arm. QBE North America named a new chief operating officer.