Reinsurance
QBE Faces $1.2B in ‘Unprecedented’ Natural Catastrophe Claims for 2017
QBE announced to the market this week that it expects a $1.2 billion after-tax loss in 2017 on "unprecedented" natural catastrophe claims. "This has been a challenging year for QBE, reflecting an ...
AXIS Capital Weaves Greater Tech Use Into New Reorg Plan
AXIS Capital Holdings is reorganizing its operations in a bid to focus more on technology and innovation, with an eye on long-term profitable growth. Executives hope to put the new changes in place ...
After Validus, AIG CEO Duperreault Envisions Select, Strategic Acquisitions
American International Group's newly announced plan to pay nearly $5.6 billion for Validus Holdings is likely just the beginning of the insurer's acquisition goals in the coming months. AIG President ...
UPDATED: AIG Will Acquire Validus for $5.6B, Fulfilling CEO Duperreault’s Early M&A Pledge
Brian Duperreault was clear after becoming American International Group's new leader in May 2017 that he'd be looking for acquisitions. He's now made good on this promise, with news that the insurer ...
The Latest Launches From Willis Re and Munich Re
Willis Re beefed up its cyber risk portfolio modeling tool to include a new, key feature. A deal Munich Re forged with another company enables its insurance carrier clients to obtain drone ...
Trump Tax Cut: Potentially Big Bottom Line Benefit to U.S.-Domiciled Companies
Federal tax reform was a big topic of discussion at the Insurance Information Institute's 2018 P/C Joint Industry Forum, with panelist Jay Gelb of Barclays Capital stating the recently passed tax law ...
Guidewire Software Teams With Global Startup Platform Plug and Play
Guidewire Software said it joined up with global startup platform Plug and Play to help promote technology innovation in P/C insurance. Specifically, Guidewire will work with certain Plug and Play ...
RenaissanceRe Will Buy Minority Stake in Legacy Acquirer Catalina Holdings
RenaissanceRe will pick up a minority stake in Catalina Holdings (Bermuda) Ltd., a long-term manager of legacy runoff P/C insurance and reinsurance businesses. Neither side is disclosing financial ...