Reinsurance
A ‘Hard Brexit’ Could Cost British Finance Firms $48.3B in Revenue
Britain's financial industry could lose up to 38 billion pounds ($48.34 billion) in revenue in a so-called 'hard Brexit' that would leave it with restricted access to the European Union's single ...
SOMPO to Grab Endurance for $6.3 Billion in International Expansion Move
SOMPO Holdings Inc. agreed to buy Bermuda-based insurer Endurance Specialty Holdings Ltd. for about $6.3 billion, the company's biggest acquisition as it expands further outside of Japan. The ...
Praedicat Signs Swiss Re to New Liability Insurance Risk Modeling Platform
Praedicat, a liability catastrophe modeling company, released its new liability insurance risk modeling platform and says it has secured Swiss Re as its first licensee. The new platform, known as ...
London Insurance Market Will Test Catastrophe Response: Hiscox Chair
The London insurance market plans to test its response this month to a major catastrophe on the scale of the 9/11 attacks, the chairman of insurer Hiscox said on Tuesday. While insurers have coped ...
Executives On The Move at Hamilton, CNA, Western World and State Auto
An AIG vet signed up to run Hamilton Insurance Group's USA arm. CNA has a new executive for its Customer Segments division. Western World Insurance Group appointed a new director of risk management. ...
Climate Change Produces New Insurance Challenges All Around
Climate change is creating insurance challenges in multiple ways. The National Climate Assessment, a report released by the U.S. Global Change Research Program argues that climate change increases ...
Hurricane Matthew Revving up Trouble for Carribbean Nations
Hurricane Matthew intensified en route to Haiti on Monday, bringing 140-mile-per-hour (220 kph) winds and torrential rain that could wreak havoc in Caribbean nations that had yet to evacuate ...
VW, U.S. Dealerships Propose $1.2B Emissions-Cheating Accord
Volkswagen AG is asking a judge to approve its $1.2 billion agreement with its U.S. dealerships for losses caused by its emissions-cheating scandal. The proposed settlement increases the amount VW ...