Reinsurance
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. *** XL ...
California Blames Wildfires for Making Homeowners Insurance Increasingly Unaffordable
More frequent and intense wildfires are making it harder for homeowners to find and keep insurance in California, a state regulator warned Thursday. "The problem of insurance availability is going to ...
Jeff Greenberg Helps Back the Launch of Bermuda Reinsurer Armour Group Ltd.
Armour, a Bermuda-based P/C runoff insurance business, announced it has raised up to $500 million to form a reinsurance group called Armour Group Ltd. The equity commitments were made in partnership ...