Reinsurance
AIG Shareholders Have Yet to See Post-Bailout Financial Gains
Since its 2008 bailout, American International Group Inc. has delivered paydays for investment bankers, Warren Buffett and even departing executives. Shareholders? Not so much. AIG shares have lost ...
Driscoll Named President of Validus Holdings; Keeps Role as Validus Re CEO
Bermuda-based Validus Holdings Ltd. announced last week that Kean Driscoll has been named president of the group, effective immediately. Driscoll will continue to serve as chief executive officer of ...
Bermuda Insurers, Reinsurers Hammered by Ogden Rate Change, More Natural Catastrophe Losses
A big change in the Ogden rate and higher natural catastrophe losses are dampening a wide range of Bermuda-based insurer and reinsurer results in the 2017 first quarter, Standard & Poor's said in ...
Demand for Cyber Insurance Soars as Hacker Crime Fears Grow
For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, ...
Munich Re, Hannover Re Hit With Higher Q1 Natural Catastrophe Claims
Reinsurers Munich Re and Hannover Re both reported that first-quarter results are on track to meet their annual targets, despite Q1's higher level of catastrophe claims. Munich Re reported ...
More Than a Quarter of Big UK Financial Firms Planning Brexit-Related Staff Moves
More than a quarter of major U.K. financial services firms have said they will move staff or operations abroad, or are reviewing their domicile because of Brexit, according to consulting firm EY. ...
More China Insurance Regulators Reportedly Under Scrutiny
Chinese investigators have questioned at least two more officials at the nation's insurance watchdog after starting a probe into the agency's former top official Xiang Junbo, according to a person ...
Climate Change Worsens U.S. Mobile Home Tornado Vulnerabilities
Tornadoes and mobile homes don't mix to begin with, but throw in the volatility of climate change and the potential for massive property damage and deaths is even higher in coming decades, indicates ...