Reinsurance
Executives On The Move at Allianz, PartnerRe and JLT Specialty USA
Allianz Global Corporate & Specialty made a number of executive appointments and changes. PartnerRe attracted a Munich Re veteran to a key executive role. JLT Specialty USA appointed a new senior ...
The Latest Launches from Chubb, Marsh and More
Chubb beefed up its cover for commercial entertainment producers in the UK and Ireland. A W.R. Berkley company launched a new division. Marsh created a new product designed to help some clients with ...
6 U.S. Ports Are at Greatest Global Risk for High Natural Catastrophe Losses
Six U.S. ports are among 10 globally at biggest risk of high insurance losses stemming from earthquake, wind and storm-surge catastrophes, according to a new RMS analysis. The California-based ...
Executives On The Move at CNA, JLT Re and More
CNA grabbed a former AIG executive for a leadership role in Canada. JLT Re snagged a Guy Carpenter veteran. A Lloyd's of London exec joined Neon, the Lloyd's specialist insurer formerly known as ...
GEICO Gains Helped Boost Berkshire Hathaway Q2 Profit 25%
Warren Buffett's Berkshire Hathaway Inc. said second-quarter profit rose 25 percent on earnings from newly acquired manufacturing businesses and improved results at insurance operations. Net income ...
Loeb’s Third Point Re Soars on Investment Returns; Combined Ratio Climbs
Third Point Reinsurance Ltd., the company that counts on hedge fund manager Dan Loeb to oversee investments, posted its biggest profit since 2013 as his portfolio rebounded. Second-quarter net income ...
China Floods Caused $33B in Economic Damage in July; Insurance Covered Little
Floods caused $33 billion in economic damage in China through July, but very little is covered by insurance, according the new catastrophe report from Aon Benfield's Impact Forecasting. Barely 2 ...
Western European Insurers, Hammered by Low Interest Rates, Slow to Revamp Investments
Insurers in Western Europe have generally stayed the course with their investment mixes in recent years, even as they've been hammered by record-low interest rates, Standard & Poor's Global ...