Reinsurance
Small Businesses Around the World Fear Climate Change Effects: Zurich Survey
Insurance carriers trying to measure clients' concerns about climate change should take note. Four out of five small and medium-sized businesses fear its impact on their bottom lines, according to a ...
Tech Innovation Top Growth Prospect for Reinsurers: Guy Carpenter Survey
Technology innovation will provide the biggest growth opportunities for reinsurers in the year ahead, according to a new survey by Guy Carpenter & Co. LLC, global risk and reinsurance specialist ...
Scotland Plans to Join Brexit Legal Challenge
The Scottish government will seek to join a Brexit legal challenge, adding to the growing number of voices calling for a vote in Parliament before Prime Minister Theresa May can trigger the two-year ...
Executives On The Move at XL Catlin, Kemper and Arch Insurance Group
XL Catlin promoted two executives in the U.S. and Bermuda. Kemper hired a former AIG executive to lead a key business line, and another at the company has been promoted. Arch Insurance Group named ...
Double-Digit Drop in Q3 Profit for Insurance Ops at Buffett’s Berkshire
Berkshire Hathaway reported a 10.5 percent drop in operating profit for its insurance and reinsurance operations during the third quarter, with underwriting income falling 34 percent. While General ...
Election Uncertainties Prompt Fairfax’s Watsa to Dump U.S. Treasuries
Fairfax Financial Holdings Ltd., the Canadian holding company run by value investor Prem Watsa, sold almost all of its long-dated U.S. Treasuries amid global uncertainty, including the outcome of the ...
Struggling Greenlight Capital Re Hit With A.M. Best Ratings Downgrades
Greenlight Reinsurance Ltd. has been seeking to improve underwriting results after months of losses. But it apparently hasn't moved fast enough for A.M. Best, which slapped it with credit ratings ...
AIG’s Mixed Results Lead to Stock Drop, Wall Street Skepticism
American International Group Inc.'s assurances of underwriting progress are drawing increased skepticism from Wall Street analysts after another disappointing quarter. Results from international ...