Reinsurance
Trump Announces Plan to Withdraw From Climate Accord, Possibly Seek Better Deal
President Donald Trump announced the U.S. would withdraw from the Paris climate pact and that he will seek to renegotiate the international agreement in a way that treats American workers better. "So ...
FM Global Gets Luxembourg’s Approval to Launch Post-Brexit EU Hub
U.S. commercial property insurer FM Global has approved to run a European hub in Luxembourg, a move allowing it to issue policies in the European Union and other countries following Britain's ...
UK Labor Party Readies Brexit Negotiating Team as Election Campaign Gets Competitive
Jeremy Corbyn unveiled his team of Brexit negotiators, moving to dispel accusations by Prime Minister Theresa May that his Labour Party isn't prepared for Brexit talks starting soon after next week's ...
P/C Insurers Can Handle U.S. 2017 Hurricane Season: Fitch Analysis
The 2017 U.S. hurricane season may be here, but property/casualty insurers should be able to handle the challenges it brings. Fitch Ratings said in a new report. "Fitch currently has a negative ...
House National Flood Insurance Program Revamp Calls for 5-Year Renewal
A much-anticipated House subcommittee proposal on flood insurance promises to reauthorize the National Flood Insurance Program (NFIP) for five years beyond its September 30 expiration date. The ...
Three Lloyd’s Insurers Form Asia Political Risk Consortium
Three Lloyd's insurers have joined forces to form a Political Risk Consortium in Asia, offering increased capacity for a wide range of political and contract frustration risks. Beazley, Chaucer and ...
A Stormier-Than-Usual Atlantic Hurricane Season Is Possible as El Nino Odds Dissipate
The Atlantic hurricane season will likely churn out an above-average 11 to 17 named storms, in part due to fading odds than an El Nino will form in the Pacific. Of storms that emerge during the ...
Executives On The Move at The Hartford, QBE and XL Catlin
The Hartford appointed a new chief operating officer for its property/casualty business. QBE is getting a new group chief financial officer. XL Catlin promoted someone to be chief underwriting ...