Reinsurance
Hannover Re Boosts Access to London Market With Argenta Holdings Acquisition
Hannover Re has agreed to acquire the UK holding company Argenta Holdings plc, a purchase that gives it a Lloyd's syndicate plus additional access to international and London Market business. Neither ...
European Reinsurance Buying Continues to Increase, But at a Slower Pace: A.M. Best
The 20 largest European cedants have continued to buy more reinsurance as soft market conditions prevail, although the pace at which retention ratios are falling has been more subdued, according to a ...
Trump’s Proposed Flood Map Program Cuts Could Trigger Higher Insurance Rates
A proposal by the Trump administration to cut $190 million in funding for updating U.S. maps of flood-prone areas would trigger higher insurance rates or more homebuilding in risky locations, a ...
Reinsurers Seek to Boost Returns Through Tailored Business
Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect ...
UK PM to Pull Brexit Trigger on March 29; EU Will Make Nation Wait
The European Union signaled its intention to keep Theresa May waiting before engaging in negotiations over the U.K.'s exit from the bloc, in an early indication of how the British prime minister will ...
After Taking Time to Digest 2016 M&A, Insurers Ramp up for More
Insurers globally saw the number of completed mergers and acquisitions drop 13 percent in 2016 compared to the previous year, with political uncertainty and previous consolidation efforts slowing the ...
Trump Budget Would Eliminate Industrial Disaster Watchdog Agency
When a Texas City refinery exploded in 2005, 15 people died. Months later, the U.S. Chemical Safety Board found that putting workers in temporary trailers near danger zones at the plant raised the ...
Japan’s Government Ruled Liable for Fukushima Nuclear Disaster
A court in Japan on Friday ruled that Tokyo Electric Power (Tepco) and the government are liable for negligence in a case involving compensation for the Fukushima nuclear disaster, the first time the ...