Reinsurance
$7B in Insured Losses: Karen Clark & Co.’s Hurricane Matthew U.S. Tally
Hurricane Matthew path of damage through coastal Florida, Georgia, South Carolina, North Carolina and Virginia, likely led to nearly $7 billion in insured losses, according to Karen Clark & Co. ...
North Carolina Suffering Deepens From Hurricane Matthew Damage
Flooding in the aftermath of Hurricane Matthew has displaced several thousand people in North Carolina, and authorities were helping more evacuate on Tuesday as swollen rivers threatened a wide swath ...
Second AIG Vet Joins Hamilton USA Exec Roster: Garceau Hired as COO
Hamilton Insurance Group's U.S. division is bringing on another former AIG executive to fill a major slot, its second major hire in two weeks. Michael Garceau will be the new chief operating officer ...
Lloyd’s, UK Bankers Warn of 2017 Brexit/British Exodus Risks
Top bankers warned on Tuesday they could start moving staff abroad as early as next year if there is no clarity on whether Britain will retain access to the European single market when it leaves the ...
Hurricane Matthew Aftermath Leaves Hundreds Stranded in North Carolina Floods
Hundreds of people were rescued by boat and helicopter as floodwaters inundated North Carolina towns on Monday in the wake of Hurricane Matthew, and officials warned that life-threatening flooding ...
Fitch Ratings Sees More Reinsurance M&A Ahead; S&P Questions the Benefits
Two acquisition deals in recent days may point to a resurgence in reinsurance M&A in the coming months, Fitch Ratings said. But Standard & Poor's said the benefits of more deals may be a ...
Executives On The Move at Lemonade, Neon and Lockton
P2P Startup Lemonade snagged a former Liberty Mutual Executive as its new chief underwriting officer. Neon promoted an executive to a newly-created leadership position. Lockton appointed several ...
Florida Hurricane Risk Forces Big Cat Bond Plunge
Bonds tied to weather risks tumbled the most in four years as Hurricane Matthew lashed Florida. The Swiss Re Cat Bond Price Return Index dropped 1.7 percent last week, the steepest decline since ...