Reinsurance
A.M. Best’s 2016 Forecast for Global Reinsurers: Negative
As A.M. Best sees it, the global reinsurance sector will continue to have a negative outlook heading into 2016. The reason, according to its latest briefing: major market challenges "that will hinder ...
2015’s Most Costly Insured Catastrophe Events: Swiss Re
The explosions at China's Tianjin port in August may have been the most costly insured catastrophe loss event in 2015, according to Swiss Re's estimates. But five other events also carried enormous ...
PCI, NAMIC Note Lobbying Wins in Congressional Legislation
Two of the property/casualty insurance industry's major trade associations noted provisions that made it to the 2016 Congressional omnibus spending bills and tax extenders legislation. The Property ...
Executives On The Move at Allied World, Argo Group and W.R. Berkley
Allied World brought in a new executive to help run its marine operations; Argo Group hired a head of professional lines in Bermuda; W.R. Berkley Company named a senior vice president charged with ...
Swiss Re: 2015 Insured Economic Losses Dropped to $32 Billion
Insured losses from natural catastrophes dropped in 2015 compared to 2014. But man-made losses spiked higher, led by China's Port of Tianjin explosions in August, Swiss Re said in its preliminary ...
Zurich Will Pay Up to $1.05B for Wells Fargo Crop Insurer
Zurich Insurance Group AG agreed to buy a Wells Fargo & Co. crop-insurance business for as much as $1.05 billion as the Swiss company puts to work excess cash left over from a separate takeover ...
ACE Beefs Up Product Recall Insurance Options
ACE Group said it beefed up and tweaked its product recall insurance offerings, a move intended to help benefit customers in areas including consumable products, consumer goods and component part ...
Allied World Debuts Division Focused on Global Crisis Management Coverage
Allied World Assurance Company Holdings AG established a new division focused on coverage for global crisis management. Five executives – four chosen from within Allied World – will run the ...