Reinsurance
Alternative Capital Showed Resilience in Face of 2017 Catastrophes: Aon Benfield
Hurricanes Harvey, Irma and Maria represented the first real test of the staying power of the alternative capital sector, which has responded with a show of strength by continuing to fund reinsurance ...
Wildfires, Trump Tax Cuts to Cause XL Group Some Q4 Pain
Fourth-quarter natural catastrophes took a toll on XL Group Ltd.'s bottom line, and the new Trump tax cuts will also cause some temporary pain, based on revised estimates from the Bermuda-based ...
Berkshire Hathaway Promotes Likely Buffett Successors Abel and Jain
Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, adding them to its board and cementing their status as the most likely successors to Warren Buffett ...
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 ...