Reinsurance
The Hanover’s Lloyd’s/Chaucer Arm Expects 2016 Q2 Underwriting Loss
The impact of catastrophes, large loss activity and foreign exchange movements are expected to bring an underwriting loss for Chaucer in the second quarter, when it will report a combined ratio in ...
BP Deepwater Horizon Spill Liability Climbs to $61.6B
BP Plc has raised the total liability from the Deepwater Horizon oil disaster, which triggered the worst offshore oil spill in U.S. history, by $5.2 billion to $61.6 billion before tax. The ...
XL Group, Chubb and More Reveal High Q2 Cat Loss Estimates
Canadian wildfires, European floods, Japan and Ecuador earthquakes and U.S. hailstorms over the spring were dramatic enough at the time. Now, the damage these events left behind are leading a number ...
Executives On The Move at XL Catlin, Starr Companies and More
XL Catlin promoted an executive to lead its specialty reinsurance arm in London. A Chubb and OneBeacon veteran joined ID Experts, an identity protection software company, in a leadership role. Starr ...
Bermuda Insurance Industry Poised for Double-Digit Growth Through 2019
The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report ...
Executives On The Move at RenaissanceRe, Markel, AXIS and Allianz
Renaissance Re's chief financial officer is retiring, and execs have chosen his replacement. AXIS Insurance promoted one of its executives into a key role. Markel International appointed a senior ...
I.I.I. Picks Ex-Zurich Exec/Bush Administration Vet as New CEO
The Insurance Information Institute has chosen its new leader – an ex- public affairs executive for Zurich Insurance Group who also once worked for President George W. Bush's administration in ...
Earthquakes, Storms Make H1 Insured Losses Soar: Munich Re
Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a ...