Reinsurance
New Products: XL Catlin Addresses Workplace Violence; HSB Covers Cyber
We have two new products to tell you about this week that target the middle market. One, from XL Catlin, is a new policy that helps mid-sized companies deal with recovery from workplace violence. ...
International Insurer Reluctance Delays Oil Tanker Entry Into Iran
Oil companies looking to steal a jump on rivals in the race to benefit from Iran's emergence from Western sanctions risk having tankers left in limbo by international insurers' continued reluctance ...
AXIS Surges in Premiums Written, but Net Income Declines
For AXIS Capital Holdings, Ltd., the 2015 fourth quarter represented a last-minute surge of sorts. After an otherwise down year in terms of gross and net written premiums, both spiked higher in Q4, ...
Zurich Insurance Ready to Shrink Some Businesses: Risk Chief
Zurich Insurance Group AG is "prepared to shrink" some of its businesses after being caught off guard by the scale of claims it had to absorb last year, according to Cecilia Reyes, the company's ...
RMS Releases Cyber Modeling System Created With Industry Support
RMS is debuting its new cyber modeling system, entering a market that CEO Hemant Shah has said is a "pretty significant opportunity for the industry." What's more, the firm collaborated with a number ...
XL Catlin Will Disclose Q4 Earnings as Owner of Entertainment Specialty Insurer
XL Catlin has closed its purchase of Allied International Holdings, nearly six months after the planned acquisition was first announced in August. The deal for the U.S.-based specialty insurer of ...
Zika Health Worries: Brazil Advises Pregnant Women to Avoid Olympics
Pregnant women are advised not to travel to Brazil during the 2016 Olympic Games to avoid potential birth defects related to an outbreak of the mosquito-borne Zika virus, President Dilma Rousseff's ...
Zika Virus Raises Numerous International Liability Concerns: Marsh
Insurers must prepare for numerous liability risks as the Zika virus continues to spread internationally, a Marsh executive cautions. "Organizations in a number of industries – including ...