Reinsurance
Irma Insured Losses Will Hit Between $35B-$55B: RMS Estimate
Hurricane Irma likely caused between $35 billion and $55 billion in insured losses in the U.S. and the Caribbean combined, according to the latest estimate from catastrophe modeler RMS. Broken down, ...
Global Reinsurers Likely Exposed to Catastrophic Mexico City Quake: Morgan Stanley
Global reinsurers will likely face exposures from a massive magnitude 7.1 earthquake that struck Mexico City on Sept. 19, Morgan Stanley said in a new research note. This earthquake led to dozens of ...
EU Officials Don’t See UK PM May Breaking Brexit Negotiation Deadlock
European Union officials aren't holding out much hope that U.K. Prime Minister Theresa May will next week break the deadlock in the Brexit negotiations. A week before May delivers a speech in ...
Executives On The Move at Liberty Mutual, Allianz and Arch Capital Group
Liberty Mutual Insurance hired a veteran Travelers executive in a leadership role. Allianz promoted two executives in Germany and Italy. Arch Capital Group promoted three executives to fill various ...
Harvey, Irma-Ravaged Farms May Miss Out on U.S. Govt. Crop Insurance Cover
In the U.S, government-backed insurance plans help compensate farmers for losses after natural disasters. Unfortunately for the produce growers that were ravaged by recent hurricanes, a lot of the ...
Hundreds Dead After Mexico Quake; Survivor Search Begins
Mexican search and rescue teams worked through the night after an earthquake rocked one of the world's largest urban centers, killing hundreds and reducing buildings to rubble. Military police, ...
Hurricane Maria Rips Roofs off in Dominica; U.S. Virgin Islands, Puerto Rico Are Next
Hurricane Maria caused "mind boggling damage," ripping off roofs across the small island of Dominica before pushing on toward the U.S. Virgin Islands and Puerto Rico on Tuesday as the second ...
Brexit Drives XL Group to Shift EU HQ to Ireland
XL Group is the latest property/casualty insurer to make plans to move its European insurance company headquarters from the United Kingdom in response to its vote to leave the European Union. The ...