Reinsurance
UK Lawmakers to Start Limited Debate of Brexit Bill on Jan. 31
Prime Minister Theresa May's government will push its draft law to trigger the start of the Brexit process through the House of Commons within two weeks in a rush to stick to her March 31 deadline. ...
2017 Cat Bond Issuance Could Approach Record Levels: Aon Report
Total catastrophe bond issuance for calendar year 2016 reached $5.8 billion – a decrease from US$6.9 billion in 2015 – principally due to ongoing competitive re/insurance market conditions, ...
AIG Risk Transfer Deal Could Jeopardize Berkshire Hathaway’s Win Streak: Credit Suisse
Berkshire Hathaway Inc.'s record risk-transfer agreement with American International Group Inc. is so big that Warren Buffett's company risks posting its first annual underwriting loss since 2002 at ...
Jan. 1 Renewal Results: Some Price Stabilization, Record Capital, Demand Uptick
The challenging operating environment confronting reinsurers has led to some price stabilization at the Jan. 1, 2017 renewals, as they face the reality of deteriorating results and margin ...
UK Court Mandates Parliament Vote Before Brexit Can Begin
The highest U.K. court ruled Prime Minister Theresa May must seek an act of Parliament to trigger the two-year countdown to Brexit, handing lawmakers a chance to soften the government's plan. The ...
At Least 18 Dead Due to Storm Slamming U.S. South
A dangerous weekend weather system killed at least 18 people in the U.S. South, with Georgia officials reporting more than a dozen deaths on Sunday after severe thunderstorms and tornadoes buffeted ...
Bankers Worry UK PM Is Underestimating Time Needed for Proper Brexit
Global banks, already accelerating plans to pull back from London as Brexit looms, are increasingly concerned that Prime Minister Theresa May is underestimating the time they'll need to adjust to the ...
Swiss Re, XL Catlin to Launch India Branch Offices
Swiss Re and XL Catlin say they've both gotten regulatory approval to open branches in India, following the government's move last year to open its market to foreign insurers and reinsurers. In XL ...