Reinsurance
Aspen Launches $160M Cost-Saving Program After Money-Losing Q3; Job Cuts Likely
Aspen Insurance Holdings Ltd. said it will launch a program to boost operating efficiencies and save $160 million over three years. An unknown number of job cuts are also likely. Aspen spokesperson ...
Warranty Analytics Startup WePredict Raises $4M; Munich Re Is Lead Backer
Analytics startup WePredict raised $4 million in a funding round led by Munich Re's venture capital arm HSB Ventures. Munich Re is also teaming with the company as it launches its first auto ...
EU, UK, Near Agreement on Faster-Paced Brexit Talks
The European Union's chief Brexit negotiator said he's ready to intensify the pace of talks with the U.K, as the window of opportunity to begin trade talks this year is closing. "I'm ready to speed ...
Live in Portland to Avoid Natural Disasters; Be Ready for Them in Miami
Tired of living with hurricanes, tornadoes or floods? Head to Portland, Salt Lake City or Providence. Or California. Yes, California. Portland, Oregon is the safest place to live to avoid hazardous ...
After Historic Storms, Insurers May Not Be Able to Price Their Way Back
The worst hurricane season in modern U.S. history is starting to look like a blip on the charts of insurance stocks, with investors banking on a quick restoration of capital as firms rediscover ...
Q3 Catastrophe Fallout: XL Group’s Fitch Ratings Outlook Turns Negative
XL Group got smacked with a negative ratings outlook from Fitch Ratings, thanks to pre-tax natural catastrophe losses in Q3 that hit $1.48 billion. Fitch said it revised the ratings outlook to ...
W.R. Berkley CEO: Cat Losses Will Force Carriers to Rethink Market Priorities
In light of hurricanes and earthquakes in the 2017 third quarter that left insured catastrophe losses likely surpassing $100 billion, W.R. Berkley Corp. President and CEO Robert Berkley Jr. said he ...
Global Insurers Will Seek Rate Hikes After Historic, Catastrophic Q3
Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record. Hurricanes Irma and Maria alone caused as much as $135 billion in ...