Reinsurance
Buffett’s Berkshire Hathaway Further Pulls Back from Munich Re Investment
Warren Buffett's Berkshire Hathaway Inc. further reduced its stake in Munich Re as the billionaire investor re-evaluates the attractiveness of the reinsurance market. The holding was trimmed to 4.6 ...
Climate-Change Deal Includes Insurance Provision, Avoids Liability and Compensation
The world's nations took the boldest steps yet to stem climate change, adopting an historic package of measures to limit fossil-fuel pollution and establish a mechanism to step up the reductions for ...
Lloyd’s Welcomes First Mexican Reinsurer
Lloyd's of London will be welcoming its first Mexican reinsurer. News of Lloyd's expansion follows the opening of its debut representative office in Mexico City in October 2015. The move will come by ...
‘Monster’ El Nino Could Produce More and Stronger Events Over Next Decade
In Buffalo, it hasn't snowed yet this year. A Duluth, Minnesota, newspaper reported that the temperature was 40 degrees above zero, not below. And in Miami, beachgoers are staying indoors during ...
British Insurers Revamp Models After Repeat 100-Year Floods Defy Expectations
British insurers could have to pay out up to 250 million pounds ($375 million) in claims to owners of homes and businesses, industry specialists said on Monday, after the northwest of England ...
Former Catlin Exec to Lead Ironshore’s Europe Expansion
Ironshore is opening new offices in Germany, Switzerland and The Netherlands, with further expansion in Continental Europe expected down the line. What's more, the Bermuda-based specialty insurer ...
Are Commercial Auto Insurance Improvements Coming to a Stop?
Through 2014, the commercial auto insurance industry has seen solid improvements in both underwriting and operating performance. A.M. Best sees trouble ahead in the form of industry trends that could ...
Executives On The Move at Chubb, ACE and Everest Re
Chubb appointed a temporary chief operating officer. It's future, $28 billion merger partner ACE Ltd announced much of the combined companies' Canadian leadership team. Everest Re extended the ...