Reinsurance
China Insurance Premiums Soared in 2016, Slowed Down Most Other Places
Global insurance premiums increased by 3.1 percent in real terms during 2016, down from growth of 4.3 percent reported in 2015, according to Swiss Re Institute's sigma study. The report described ...
AXIS Will Grab Lloyd’s Specialty Insurer/Reinsurer Novae for $604M
AXIS Capital Holdings Ltd. announced it is acquiring Novae Group plc, a specialty insurer and reinsurer that operates through Lloyd's of London. "The US$604 million transaction adds scale and breadth ...
Executives On The Move at Fidelis, Zurich, Lloyds and Willis Re
Fidelis Insurance disclosed it is hiring a former Hiscox Re executive to help lead a new effort focused on niche specialty excess of loss business. Lloyd's has a new deputy chairperson. Willis Re ...
H1 Catastrophe Bond Issuance Produces Massive $8.8B in New Limit: PCS
Catastrophe bond issuance for the 2017 first half reached new records for the sector, with its nearly $8.8 billion in new limit coming in larger than the biggest full year in catastrophe bond market ...
PartnerRe Executives Walker and Pestcoe Will Retire Early Next Year
PartnerRe Ltd. said that two of its long-time executives are retiring. Tad Walker, CEO Property & Casualty, and Marvin Pestcoe, chief risk and actuarial officer, will both retire from the company ...
Business Interruptions Galore: Global Ransomware Attack Hobbles FedEx, Others
The global cyberattack that has been wending its way across continents since Tuesday started creating real consequences at some businesses even as the virus's spread seemed to be abating. FedEx Corp. ...
WannaCry-Like Cyber Attack Keeps Wreaking Corporate Havoc on Second Day
A cyberattack similar to WannaCry entered its second day, hitting businesses, port operators and government systems around the world, with companies struggling to retake control of their networks. ...
Cyber Attacks Leave Their Mark on Businesses Over Time: Lloyd’s Report
Businesses in Europe underestimate the "slow-burn" effects of cyber attacks and need to prepare more fully for a loss of customers, a fall in share price and other potential consequences, Lloyd's of ...