Reinsurance
Federal Judge Frees BP from U.S. Lawsuits Over Post-Gulf Spill Drilling Ban
BP Plc does not have to face U.S. lawsuits by energy and drilling companies over losses they suffered from an offshore drilling ban imposed soon after the 2010 Gulf of Mexico oil spill, a federal ...
Germanwings Crash Probe Proposes Airline Insurance to Address Pilot License Loss
Pilots would lose privacy protection for health records and airlines would need insurance when the employees lose their license under a proposal from the French air-safety agency that investigated ...
Insurers Now See Nonprofits as Special Sector with Unique Risks
When Pamela Davis started in the insurance industry 26 years ago, there were few insurance markets willing to take on the unique risks of nonprofit organizations. Back then, says Davis, who is now ...
New Zurich CEO Greco Rallies Troops with Call for Clear Strategy
Zurich Insurance Group AG needs a clear and simple strategy to rebuild investor confidence as the company tries to turn around its struggling general insurance unit, said Mario Greco, the firm's new ...
Buffett’s Gen Re to Close Several Global Locations in Reorganization Move
Gen Re, one of the giant reinsurance businesses at Warren Buffett's Berkshire Hathaway Inc., said it's exiting property-casualty operations at six smaller locations amid a global reorganization. The ...
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 ...