Reinsurance
Sapnar Elected RAA Board Chair
Michael Sapnar, president and CEO of Transatlantic Re, was elected chair of the Reinsurance Association of America's board of directors at the 48th annual meeting on April 28, 2016. Sapnar is ...
U.S. Mortage Insurance Brightens an Uneven 2016 Global Market: S&P
Mortgage insurers in the U.S. are set for a robust 2016, a bright spot in an otherwise uneven global market, where success will depend on the region of the world in which carriers are doing business, ...
U.S. Insured Losses Hit $3.8B in Q1; Worst in a Decade: PCS/Verisk
Catastrophe activity in the U.S. led to $3.8 billion in insured losses in 29 states during the 2016 first quarter, with much of the damage hitting Texas. Those events were the worst in a decade in ...
Commercial Drone Insurance Coverage Coming from Willis Towers Watson Arm
Willis Towers Watson will team with a commercial drone trade association to offer coverage for the sector designed for both owners and operators of the technology. Dubbed DroneGuard, the insurance ...
AIG, Burned by Hedge Fund Losses, Will Redeem $4.1B of Those Holdings
American International Group Inc., the insurer burned by losses on hedge funds, has submitted notices of redemption for $4.1 billion of those holdings through the end of the first quarter. "As of ...
Executives On The Move at AmTrust, Ironshore, Everest Re and More
AmTrust hired a former Validus and ACE executive to serve in a key leadership position. Ironshore is bringing on an ex-Swiss Re executive to be head of surety for its Latin American division. A ...
Another Unprofitable Quarter For AIG, Thanks to Hedge Funds
American International Group Inc., the insurer that's shrinking under pressure from activist shareholders, posted a third-straight unprofitable quarter on losses from hedge funds and declines in the ...
Ex-AIG Exec to Succeed David Duclos as CEO of QBE North America
A former AIG executive is joining QBE with plans to become CEO of its North American operations. Russell Johnston will succeed David Duclos in the role of QBE CEO for its North American operation ...