Reinsurance
2018 Reinsurance Pricing: Rate Hikes Likely After 2017 Storms and Catastrophes
When the dust settles—and water recedes—following 2017's hurricanes, wildfires, and other catastrophes, domestic primary insurers will learn if, and how much, their own underwriting discipline ...
Could Brexit Be Reversed Before 2019? EU President Says It’s Possible
European Union President Donald Tusk revived the notion that the U.K. will stay in the bloc after all, as British Prime Minister Theresa May struggles with persistent splits in her government. ...
XL Group Lost Over $1B in Q3: Hurricanes Harvey, Irma, Maria to Blame
XL Group reported losses exceeding $1 billion for the 2017 third quarter, blaming hurricanes Harvey, Irma and Maria for the results. The net loss of $1.04 billion for Q3 amounted to negative-$4.06 ...
UK, EU More on Same Page Now About Brexit Transition Push
The U.K. has shifted its approach to the transition agreement it wants to put in place for after Brexit, falling into line with the European Union's long-held stance. Businesses have been demanding ...
Energy, Industrial Firms Are Being Targeted for Cyber Attacks, U.S. Warns
The U.S government issued a rare public warning that sophisticated hackers are targeting energy and industrial firms, the latest sign that cyber attacks present an increasing threat to the power ...
U.S. Flood Risk Remains Poorly Understood, Plus 4 Other Lessons From Hurricanes Harvey and Irma
US flood risk is firmly under the spotlight as re/insurers, businesses and public officials come to terms with the devastating impact of hurricanes Harvey and Irma. The re/insurance industry will be ...
Weakening Typhoon Lan Kills at Least Four in Japan, Causes Landslides and Flooding
A rapidly weakening typhoon Lan made landfall in Japan on Monday, setting off landslides and flooding that prompted evacuation orders for tens of thousands of people, but then headed out to sea after ...
AXIS Brings on Swiss Re’s Arora as New Reinsurance CEO
AXIS Capital Holdings Ltd. hired on veteran Swiss Re executive Steve Arora as the new chief executive officer of AXIS Re. Arora spent 18 years in a variety of senior positions at Swiss Re, most ...