Reinsurance
Investment Gains Fuel Allied World’s Q3 Results
Double-digit investment income growth contributed largely to solid Q3 earnings at Allied World Assurance Company Holdings AG. Results also reverse the losses booked a year ago, despite some larger ...
Hundreds of Italy Quake Aftershocks Expected; Coverage Gaps Possible
With central Italy reeling from yet another earthquake that hit on Oct. 30, and bracing for many aftershocks to come, AIR Worldwide cautions that there may be gaps there in earthquake insurance ...
Global Warming Could Turn Southern Spain Into Desert: Study
Southern Spain will become desert and deciduous forests will vanish from much of the Mediterranean basin unless global warming is reined in sharply, according to a study released Thursday. ...
Driverless Taxis Poised to be Transformational for Mass Transit
Mass transit, the lifeblood of cities worldwide, is under threat from the biggest innovation in automotive technology since Henry Ford's assembly line first flooded streets with cars. The ...
AmTrust to Pay $90M for Workers Comp Insurer AmeriHealth Casualty
AmTrust Financial Services plans to pay $90 million in cash for a regional U.S. workers compensation insurer, its last acquisition in a year of several M&A transactions. The New York City-based ...
Executives On The Move at The Hartford, Willis Towers Watson and Renaissance Re
Willis Towers Watson has made a number of executive leadership changes. The Hartford has a new head of multinational underwriting. RenaissanceRe's finance arm has experienced several new leadership ...
Amtrak’s $265M Settlement Over 2015 Derailment Approved by Judge
A U.S. judge on Thursday signed off on a record $265 million settlement over an Amtrak passenger train crash in Philadelphia in 2015 that killed eight people and injured about 200 others, court ...
UK PM’s Brexit Plan Passes Initial Court Hurdle
A Northern Irish judge rejected a pair of challenges to the Brexit process, removing at least one obstacle to U.K. Prime Minister Theresa May's plan to begin severing ties with the European Union by ...