Reinsurance
Second Major Quake Hits Near Japan City of Kumamoto
A magnitude 7.1 earthquake struck southern Japan early on Saturday, just over 24 hours after a quake killed nine people and injured at least 1,000 in the same area. The Saturday quake triggered a ...
The Latest Launches from QBE North America and RMS
QBE North America modernized its equipment breakdown coverage to now cover microelectronic failures. Catastrophe risk management firm RMS unveiled a new app for its clients. *** QBE North America ...
Munich Re’s Hartford Steam Boiler Becomes Latest Insurer to Test Commercial Drones
Specialty property insurer Hartford Steam Boiler won an exemption from the Federal Aviation Administration to start using drones for property inspections, underwriting and loss prevention work. The ...
Markel International Streamlines Structure of Wholesale Business Arm
London-based specialist insurer Markel International said it has streamlined the structure of its wholesale business. The Markel Corp. subsidiary said that the division now has three operating ...
Solid Publicly Traded Reinsurer Results Under Threat: A.M. Best
Reinsurers have been delivering solid operating results, with publicly traded reinsurers currently outpacing the overall equity market – but this good fortune may not be sustainable, given the ...
Swiss Re in Bidding for Deutsche Bank Life Biz: Sources
Swiss Re AG and and Britain's Legal & General Group Plc are among firms considering bids for Deutsche Bank AG's insurance business Abbey Life Assurance Co., according to people with knowledge of ...
Montross to Depart Gen Re; New CEO Will Report to Possible Buffett Successor Jain
General Reinsurance Corp. Chairman and CEO Tad Montross plans to step down by the end of 2016, the Berkshire-Hathaway-owned reinsurer said on Tuesday. An eventual successor will report to Berkshire ...
Swiss Re Americas Reorganizes U.S. P/C Markets Division
The departure of Swiss Re Americas executive William Donnell last fall opened the door to a major reorganization for the reinsurer's U.S. property/casualty arm. Donnell had been president of Swiss Re ...