Reinsurance
Lloyd’s CEO Beale Addresses Asia Growth, Cyber, Brexit During Bloomberg Interview in Davos
Lloyd's of London, the world's oldest insurance market, is experiencing year-on-year growth of 100 percent in some of its Asian markets, where growing economies are fueling demand for cover from the ...
U.S. Tax Cuts Will Test Bermuda’s Insurance/Reinsurance Model: Fitch
The Bermuda insurance/reinsurance model will be tested following U.S. tax forms and the continuing challenges of competitive market conditions, according to a report by Fitch Ratings. The cut in the ...
Aspen Insurance CEO Postlewhite Out, Cohen In; Q4 Underwriting Losses Disappoint
The head of Aspen Insurance has departed the company, a day after an announcement of disappointing preliminary Q4 financial results. CEO Stephen Postlewhite is departing immediately, Aspen said on ...
With Climate Change, Uninsurable Basements Are in New York and Mumbai’s Future
Private property below ground in New York and Mumbai may not be insurable in the next decade if climate change advances, the head of one of Europe's largest insurers said. "If you go much further to ...
Jan. 1 Reinsurance Renewals Point Toward Moderate Price Increases Through 2018: S&P
After years of declines, January reinsurance renewals finally turned in the other direction in an upward trend that will continue throughout 2018, according to a new Standard & Poor's report. ...
UK Official: Britain Wants a Brexit With No Changes
The U.K. has revealed for the first time what kind of trade deal it wants businesses to have with the European Union after Brexit -- and in British eyes, nothing will change. Brexit Secretary David ...
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 ...