Reinsurance
Munich Re, Swiss Re Part of FEMA’s New $1M Reinsurance Launch for NFIP Risks
The Federal Emergency Management Agency is turning to the likes of Swiss Re and Munich Re for its first reinsurance program to help manage catastrophic costs from its debt-ridden National Flood ...
Lloyd’s of London Already Planning to Shift Some Businesses to EU
The Lloyd's of London insurance market is already working on plans to move some business to the European Union, aiming to be ready for the shift as soon as Britain starts divorce proceedings from the ...
The Latest Launches From Chubb, QBE and Lockton
Chubb expanded its cyber risk engineering capabilities in the U.K. and Ireland. QBE North America gave clients a new endorsement as part of its Product Liability product offering. Lockton is now ...
German Investors Sue VW for Record $9.2B in Emissions Scandal Fallout
Volkswagen AG faces Germany's biggest investor lawsuit as attorneys filed complaints totaling 8.2 billion euros ($9.2 billion) related to the diesel emissions scandal that wiped out a third of the ...
Hiscox Combines Cyber Risk/Professional Liability in New Hospital Coverage
Hiscox recently started marketing a combined cyber risk/professional liability coverage for hospitals. The product combines the services of its healthcare and cyber underwriters under the name ...
P/C Insurers’ Underwriting Losses Worsened in H1: A.M. Best
Catastrophes, lower favorable loss reserve development and challenging market conditions continued to pressure U.S. property/casualty insurers through the first half of the year, leading to an ...
New York, New Jersey Bomb Explosions Will Affect Future Terror Modeling: RMS
The Sept. 17-18 bomb explosions in New York and New Jersey will have implications for the modeling of terrorism risk due to a shift in tactics, according to an expert with catastrophe modeling firm ...
Executives On The Move at CNA, Neon and Beazley
CNA named a former Chubb executive to fill a leading executive role. Neon, backed by Great American Insurance Group, made a strategic hire. Beazley has a new aviation underwriter. *** CNA named a ...