Reinsurance
‘Manageable’ Losses Predicted From Hurricane Hermine
Hurricane Hermine, which is poised to land in Florida Friday, may result in "manageable" losses for the insurance industry, according to Keefe Bruyette & Woods analyst Meyer Shields. The storm is ...
EU Passporting Could Be Crucial for Lloyd’s Market Position in Post-Brexit World
The UK's exit from the European Union, or "Brexit," could lead to a loss of business for Lloyd's of London unless the UK government is able to negotiate passporting arrangements to maintain access to ...
XL Catlin Vets to Launch Sompo Canopius U.S. Ocean Marine Business
Sompo Canopius AG is diving into the U.S. ocean marine business. The global specialty insurer and reinsurer, which is wholly-owned by Sompo Japan Nipponkoa Insurance Inc., calls this a "significant ...
Cat Bond Payments Match Traditional Reinsurers on Reliability Scale: S&P
Some traditional reinsurers have asserted that catastrophe bonds are unreliable in terms of paying claims after major events. A new Standard & Poor's article rebukes that idea. "We have explored ...
Warren Buffett’s Railroad at Forefront of Commercial Drone Testing
Before some cutting-edge online retailer can use a drone to drop granola bars on your doorstep, a railroad born when Abe Lincoln was in Congress will first have to iron out the kinks. BNSF Railway ...
Asian Regulatory Changes Could Hike Demand for Local Reinsurance: Fitch
Various regulatory initiatives in Asian markets could lead to greater demand for local reinsurance capacity as direct insurers rethink risk management strategies and appetite, according to a report ...
Brexit Aftermath: Insurers, Other London Financial Groups Warm to Dublin
Ireland says the Brexit vote has led to a jump in enquiries from London firms considering opening offices in Dublin, one of a handful of European cities trying to draw business away from Britain's ...
UK PM Will Give Parliament Say on Brexit Trigger
U.K. Prime Minister Theresa May plans to give Parliament "a say" on starting the formal process for withdrawing from the European Union, her spokesman said, though he declined to say whether ...