Reinsurance
LA Commercial Buildings Likely More Resilient to Pending Flood Losses: AIR Worldwide
While it is early to determine insured and economic losses from massive flooding in Louisiana and Mississippi, an AIR Worldwide assessment of the damage offers some potential clues. The catastrophe ...
P/C Ratings Upgrades, Positive Outlooks Outpaced Negative in H1: A.M. Best
Property/casualty insurers can take comfort in the fact that ratings upgrades and positive outlooks outpaced downgrades and negative outlooks through the first half of 2016, according to a new A.M. ...
Executives On The Move at AXIS, Great American and Lockton
AXIS Capital Holdings continued its global reinsurance expansion with a new Dubai-based executive appointment. A Great American Insurance executive got a promotion. Lockton Companies hired a new vice ...
Argo Division Grabs Renewal Rights to Allied World’s Asia Marine Hull Business
Argo Group member and Lloyd's insurer ArgoGlobal said it has acquired the renewal rights for Allied World's marine hull business in Asia. The transaction completed on August 5. "I am very pleased ...
Louisiana Flooding Kills at Least 6; Tens of Thousands Evacuated
Emergency crews worked through the night to rescue scores of south Louisiana residents from homes and stranded cars as deadly flooding continued to inundate large swaths of the region Sunday, three ...
PCI Backs NAIC Flood Insurance Reform Agenda
Property/casualty insurers are throwing their weight behind NAIC proposals that includes long-term reauthorization of the National Flood Insurance Program and also an expanded private market that ...
Insurance Groups and Others Urge China to Revise Draft Cyber Rules
In a letter addressed to Chinese Premier Li Keqiang, 46 global business groups spanning finance, information technology, insurance and manufacturing urged Beijing to revise its draft cyber rules, ...
Media Vet Business Insurance Abruptly Shuts Down; Industry Consolidation, ‘Continued Structural Changes’ Blamed
Business Insurance, a well-known industry publication for 49 years, has been abruptly shut down by parent company Crain Communications. The final issue of Business Insurance came out on Aug. 1. The ...