Reinsurance
AXIS Sweetens Bid for Lloyd’s Specialty Carrier Novae, Now Offering $611.5M
AXIS Capital Holdings Ltd. has substantially sweetened its offer for Novae Group plc, a Lloyd's of London specialty insurer and reinsurer. AXIS, a Bermuda-based specialty insurer and reinsurer, said ...
UK Financial Sector Proposes ‘Ambitious’ Post-Brexit Trade Pact
The UK's financial sector is seeking an "ambitious" trade pact between Britain and the European Union to try to prevent a costly shift of jobs and business to the continent once the country leaves ...
Harvey on Track to Become Hurricane in Texas; State Farm, Allstate, Farmers Face Exposures
Tropical Storm Harvey, which has shut oil and natural gas platforms and triggered a rally in cotton prices, is on track to develop into a major hurricane as it approaches the Texas coast late Friday. ...
New P/C Insurance Products Delayed by Old Policy Form Tech: Novarica
A reliance on manual processes and inadequate technology leaves property/casualty insurers with major delays in updating their coverage forms. A new industry report found that as a result, most ...
The Latest Launches From XL Catlin, Great American, Marsh and Ironshore
XL Catlin beefed up its professional liability policy for U.S. design professionals with two new enhancements. Great American Insurance Group created a new division focused on the E&S space. ...
Trump’s FEMA Head Backs Reducing Federal Coverage of Flood Costs
President Donald Trump's emergency management director said he's pushing for an overhaul of disaster relief so that states, cities and homeowners bear more of the costs, and less of the risk falls on ...
Police-Inflicted Taser Deaths Led to at Least 442 Lawsuits: Reuters
In a first-of-its-kind review of court documents, police reports, other public records and news accounts, Reuters compiled the most comprehensive public accounting to date of deaths and litigation ...
As Congress Mulls Flood Insurance Program Renewal, Private Markets Envision Opportunity
Unleashing the invisible hand that has been missing from the flood insurance market for nearly 50 years is no easy task. But private flood insurance experts say the change would be a good thing not ...