Reinsurance
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 ...
Obama Urges Tighter Building Codes to Reduce Natural Disaster-Related Losses
President Barack Obama is asking the private sector to tighten building standards to reduce losses from natural disasters after studies linked an increase in extreme weather to climate change. The ...
Munich Re Shares Dip Due to Equity Investment Losses, Restructuring Charges
Munich Re, the world's second-biggest reinsurer, revised its full-year profit target to include restructuring charges at its primary insurance unit and losses on equity investments that hit ...
Workers Comp Market Further Improves Profit and Health in 2015: NCCI
The workers' compensation market is healthy and profitable. This year's "State of the Line" report, published by the National Council of Compensation Insurance (NCCI), indicates that the workers' ...
AIG Again Dips into ILS Financing for Mortgage Insurance Arm
AIG has nailed down nearly $300 million of indemnity reinsurance coverage for its mortgage insurance business, expanding on its initial use of ILS financing for the division nearly a year ago. The ...
Insurers Will Both Suffer and Endure in Wake of Alberta Wildfires: Ratings Reports
While the wildfires raging through northern Alberta and the city of Fort McMurray could bring one of the largest catastrophe losses in Canadian history, property insurers are resilient, according to ...
Soft Market Will Continue to Drive Down Reinsurer Profits in 2016: Fitch
Global reinsurance sector profits in 2016 will fall below 2015 levels as soft market rates, low investment income and an over-supply of capital continue to take their toll on the market, according to ...