Reinsurance
Senate Bill Would Extend Flood Insurance Program for a Decade, With Changes
U.S. Senators Bill Cassidy (R-La.) and Kristen Gillibrand (D-N.Y.) have released draft legislation to reauthorize the National Flood Insurance Program (NFIP) for 10 years. The NFIP is currently set ...
AXIS Reports 2017 Q1 Net Income Dented by Multiple Factors
AXIS Capital Holdings reported a drop in 2017 first quarter net income and a climb in its combined ratio, a trend reflecting both one-time costs plus more catastrophe and weather-related losses. The ...
JLT’s John Lloyd Says Brexit Will Diminish the London Market
A post-Brexit financial environment won't kill the London market, but it will become diminished after the dust settles, insurance industry veteran John Lloyd said during the recent RIMS 2017 meeting ...
EU Focuses on Limiting Brexit Damage as Negotiating Stance Finalized
The European Union warned the U.K. that its remaining 27 countries are now its chief concern rather than anything Theresa May might want to achieve from Brexit as it seeks to limit negative ...
Insurance Linked Securities Continue 2016 Growth Trend
Non-life insurance-linked securities (ILS) capital grew again in Q1 2017, continuing the trend from 2016, according to the latest ILS Market Update from Willis Towers Watson Securities, the ...
AXIS Begins Actuarial Scholarship With China’s Renmin University
AXIS Capital Holdings Ltd. has partnered with Renmin University in China to launch a scholarship there for actuarial students. The AXIS Re Actuarial Scholarship will provide financial assistance to ...
Hamilton Re Will Snatch Up Canopius’ Excess Casualty Renewal Rights
Hamilton Re said it has agreed to acquire the renewal rights to Canopius Underwriting Bermuda Ltd.'s excess casualty insurance book of business. Neither side disclosed financial details. The ...
Commercial Insurance Remains a Buyer’s Market: Willis Towers Watson
Fluid capital and ample capacity has kept the commercial insurance sector stable overall and also a buyers' market. That reality holds despite potential regulatory and monetary policies pending in ...