Reinsurance
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 ...
International Insurance Society Launches Global Certification Program
The International Insurance Society (IIS) has announced the formation of the Global Centers of Insurance Excellence (GCIE), a certification program designed to recognize universities and colleges ...
Insurers and Reinsurers Confront Brexit Cost Implications: A.M. Best
The cost implications of the loss of passporting rights after the UK exits the European Union will weigh on re/insurers, as will any resultant economic downturn. However, A.M. Best does not ...
Bankers Believe Britain Will Back Gradual Brexit Transition for Financial Sector
Top bankers are confident that British Prime Minister Theresa May's government will support a transition period of several years for the financial sector to cope with Britain's exit from the European ...
AIG Signs $9.8B Reinsurance Agreement With Berkshire Hathaway Unit
American International Group partnered with Berkshire Hathaway's National Indemnity Company on a new $9.8 billion reinsurance agreement that covers a large chunk of prior AIG's U.S. Commercial ...
Berkshire Hathaway Wins Reinsurance License in Malaysia
Berkshire Hathaway Specialty Insurance announced that it has received a license to provide non-life reinsurance in Malaysia and has established a new office in Kuala Lumpur. "After putting down roots ...