Reinsurance
London Financial Firms Doubful About Quick-Fix for Post-Brexit EU Access
Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage ...
Norwegian Insurer Nears First Sale of Industry’s Newest, Riskiest Bonds
Gjensidige Forsikring ASA is on track to become the first insurer to issue a new type of bond that will become the industry's riskiest debt. The Norwegian company may sell as much as 1 billion kroner ...
Italy Quakes Could Lead to Limited Insured Losses: RMS
Damage from the earthquake that struck central Italy on Aug. 24 and the subsequent aftershocks that followed is still being assessed. But RMS asserts that insurance losses will be limited because of ...
Executives On The Move at XL Catlin, Allied World, Marsh and More
XL Catlin named a new executive to help run its Asia Pacific region. Two divisions at Allied World filled important leadership slots. Marsh promoted one of its own to be U.S. HealthCare Practice ...
Berkshire’s Jain Targets Complex Org Structure, Pay Plan in Letter to Gen Re
Ajit Jain, one of Warren Buffett's top managers at Berkshire Hathaway Inc., has a message for the staff that he oversees at Gen Re: It's time for their business to get much leaner and less ...
Central Italy Earthquake Destroys Towns, Kills at Least 63 People
A powerful earthquake hit central Italy in the middle of the night, destroying small mountain towns and burying victims in the rubble of collapsed buildings. At least 63 people were killed, Italian ...
Report: AIG In Early Talks to Sell Lloyd’s Insurance Business
American International Group Inc is in early talks to sell Lloyd's of London Ltd's insurance operations to Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported on Tuesday. ...
Reinsurers’ Catastrophe Defenses Weakened by Hedge Fund Rivals
It won't take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year ...