Reinsurance
XL Group Restructures P/C Operations, Names Revamped Senior Leadership Team
Bermuda-based XL Group Ltd./XL Catlin announced senior role changes in connection with a planned realignment of its property/casualty operating model. All of the new appointments are effective as of ...
AIG’s Limits for Terror Cover Quadruple to $1 Billion
American International Group Inc. lifted limits on property claims tied to acts of terrorism to $1 billion as clients ask for more protection in larger cities. The previous limit was $250 million, ...
Post-Merger Chubb Scores in Q3 Net Income, Combined Ratio
The world's largest publicly traded property/casualty insurance company, Chubb Limited, reported net income for the quarter ended Sept. 30, 2016 of $1.36 billion, or $2.88 per share, compared with ...
CEO Insight on Insurance M&A Drivers: From Fine Wine to Snapple
FROM THE ARCHIVES: A VINTAGE CARRIER MANAGEMENT ARTICLE FROM 2016 But even though insurance and reinsurance leaders these days deliver long lists of seemingly more compelling and logical reasons for ...
Blockchain Tech Provider Launches Open Source Platform
Time to put the blockchain hype to the test. After a year of promises that the technology would revolutionize Wall Street, anyone can now download an entire blockchain specifically built for ...
Carrier Climate Change Risk Disclosure Has Improved: Ceres Analysis
Insurers in the United States are increasingly willing to disclose their risk management practices related to climate change, according to a new report suggesting that last year's global accord in ...
Florida Hurricane Fund Still in Good Shape
Florida's streak of dodging hurricanes is over, but the state-created fund that helps private insurers pay out claims after a storm remains in strong financial shape. Anne Bert, the chief operating ...
Verisk Buys Analyze Re
Data firm Verisk Analytics Inc. said it has acquired Halifax, Novia Scotia-based Analyze Re, a software analytics provider for the reinsurance and insurance industries founded in 2013. Terms of the ...