Reinsurance
EU Departure Places London’s Status as Finance Hub at Risk: BoE Official
London has no "God given" right to remain a global banking center if Britain were to leave the European Union, Bank of England Deputy Governor Andrew Bailey said on Monday. Some 250 foreign banks ...
National Commission on Cybersecurity Convenes in NYC on May 16
A national commission focused on developing ways to enhance national cybersecurity is set to meet on May 16 in New York City, and property casualty insurers are making sure they have a stake in the ...
China Hackers Test U.S. Economic, Diplomatic and Defense Capabilities
China's military conducted cyber probes and intrusions against U.S. computer networks to support intelligence collection and electronic warfare, according to a new Pentagon report. "China is using ...
Insurers Can Endure Best by Being Global and Diversified: S&P
Global, diversified insurers are best positioned to withstand the industry's top economic and competitive challenges, according to a report published by Standard & Poor's Global Ratings. ...
Medical Professional Liability Insurer Net Income Plunged in 2015: A.M. Best
The specialty medical professional liability (MPL) insurance industry remained profitable in 2015, however its net income fell nearly 36.6 percent to almost $1.1 billion in 2015. In a special report, ...
RMS Upgrades Economic Loss Estimates for Japan Quakes
The earthquakes that struck Japan on April 14-15 will cost more in terms of economic losses than previously estimated, though insured losses are much lower, according to the latest RMS estimates. ...
Oklahoma Quakes Force Insurers to Limit Their Exposures
As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a ...
Which Country Is the Most Risk Resilient? That Would Be Switzerland
Switzerland is the world's most resilient country in terms of its ability to handle global risks including natural hazards, oil price volatility and terrorism, according to FM Global's 2016 ...