Reinsurance
Executives On The Move at W.R. Berkley and Travelers
W.R. Berkley Corp. appointed a new chief financial officer and another senior executive. At Travelers, one senior executive got a promotion and another longtime leader retired. *** W.R. Berkley Corp. ...
La Niña May Not Address California Drought
El Nino couldn't bail California out of an unprecedented drought. Don't count on La Nina to do any better. California, in its fifth year of drought, gets most of its water from November to March. The ...
Arab Bank Settlement Over Militant Attacks Linked to U.S. appeal
Arab Bank Plc's agreement to settle litigation brought by Americans who accused it of facilitating militant attacks in Israel is linked to the outcome of an appeal of a jury's 2014 verdict finding it ...
Emerging Risks to Watch: Neutraceuticals, a Fragmented Internet and Blockchain Challenges
A fragmented Internet, continued experimentation with monetary policy and another round of economic crises in emerging markets top Swiss Re's latest roundup of emerging risks to watch out for. Beyond ...
Executives On The Move at Everest Re, Beazley and Ironshore
A former AIG executive will lead a new business unit at Everest Re. Beazley is expanding its U.S. environmental liability insurance team with a number of new executive hires. Ironshore promoted a ...
Earthquake Insurance Rate Spikes Worry Oklahoma Regulators
Oklahoma regulators grappling with a massive increase in small earthquakes in the state linked to growing oil and gas production said on Tuesday they were concerned with spiking rates for earthquake ...
London Market Risks Casualty Reserve Shortfall: PwC
There is a real risk that casualty reserves for business written in 2015 will run off at a loss in the future, according to PwC's London insurance/reinsurance market review of reserve adequacy. PwC ...
A.M. Best: ‘Benefits to Be Gained’ From Flood Insurance Market Expansion
The U.S. Senate is gearing up to consider a bill that would revamp and expand the U.S. flood insurance market, and its passage appears likely. A.M. Best said this will be a very good development for ...