Reinsurance
A.M. Best Unveils Drafts of New BCAR, Methodology; Q1 2017 Target for Final
On Thursday, A.M. Best published proposed revisions to its core credit rating methodology and to its U.S. property/casualty capital adequacy ratio, targeting a first-quarter 2017 date for the actual ...
Berkshire Hathaway Specialty Insurance Expands to Europe; Lloyd’s Vet to Help Lead
Berkshire Hathaway Specialty Insurance is expanding into Europe, and two men – veteran executives from Lloyd's and Marsh – will lead the effort. Plans call for BHSI to operate in Europe as part ...
U.S. P/C Carrier Employment Begins 2016 in Decline: I.I.I. Report
U.S. P/C carrier employment began January 2016 in decline, according to a new Insurance Information Institute report. Over the last 12 months, job figures average out as essentially flat. Direct P/C ...
Hannover Re Shoots for Stable Premiums, Shareholder Returns in 2016
German reinsurer Hannover Re will focus on boosting earnings rather than premiums this year and may pay out more special dividends to shareholders, Chief Executive Ulrich Wallin said on Thursday. The ...
AIG Scores a Fitch Ratings Affirmation and Swiss Re Deal
Fitch Ratings gave American International Group a small bit of good news, even as the property/casualty insurance giant struggles to reorganize, respond to profitability declines and deal with ...
U.S. Tornadoes Hit Seven-Year February High: Aon Report
Losses from severe storms and tornadoes that struck much of the U.S. in February could amount to more than $1 billion, including hundreds of millions of dollars of damages that will probably be ...
QBE Inks Analytics Outsourcing and Insurance Agent Specialty Coverage Deals
QBE Insurance forged two separate deals that will allow it to outsource analytics work as well as launch specialty coverage for insurance agents and brokers. As far as the analytics arrangement, ...
Allianz Will Reportedly Sue VW Over Share Drop
German insurer Allianz plans to sue Volkswagen over the sharp drop in its shares as a result of the carmaker's diesel emissions scandal, a source familiar with the situation told Reuters. If ...