Reinsurance
Mutual Insurers Rebound (Slightly), Though Threats Remain: Swiss Re
Mutual insurance companies have gained back some of the global market share they lost due to demutualizations in recent years. Those gains are threatened, however, by new financial regulations, ...
Kemper Wins A.M. Best Ratings Affirmation, Plus Warnings of Limited Growth
Kemper Corp. won some ratings affirmation validation from A.M. Best, but that good news is paired with a warning of the insurer's limited growth potential down the line. A.M. Best affirmed the ...
Executives On The Move at Chubb, JLT Re, QBE and GEICO
Chubb has a new chief reinsurance officer. JLT Re named a new Atlanta-based executive. QBE North America hired on a new executive from The Hartford. GEICO promoted a rising executive in New York. *** ...
The Hanover Barely Ekes Out Q2 Profit, Thanks to Losses at Lloyd’s Chaucer Arm
The Hanover Insurance Group barely eked out a profit in the 2016 second quarter; large losses and catastrophe hits sustained by its Chaucer division are generally to blame. Net income came in at $2 ...
AXA, China Online E-Commerce Giant Alibaba to Explore Distribution Partnership
AXA is hoping to get into the global e-commerce game through a new partnership formed with China's online marketplace giant Alibaba. The arrangement actually involves three parties: AXA, Alibaba and ...
Swiss Re Q2 Profit Hampered by Higher Catastrophe Claims
Swiss Re AG, the world's biggest reinsurer, said profit fell in the second-quarter as the company paid more for catastrophe claims including earthquakes in Japan and forest fires in Canada. Net ...
Hedge Fund Reinsurers: Still Taking Heat From S&P, Lawmakers
Even as new waves of hedge fund reinsurers launch, one rating agency continues to question the basic business model—a model that also has critics among U.S. lawmakers who have tried unsuccessfully ...
Northeast Drought Could Have Staying Power Through Fall
At Lavoie's Farm in New Hampshire, beans and corn haven't broken through the ground yet and fields of strawberries are stunted. The drought that has taken hold in the Northeast is especially felt at ...