Reinsurance
The Latest Launches from Ironshore, Allied World, Navigators and More
Ironshore, Allied World, Navigators Group and Aon Benfield all have new products this week. *** Ironshore International is rolling out a hybrid insurance product designed to address clients such as ...
Executives On The Move at Berkley, ACE and OneBeacon
W.R. Berkley Corp. named a new senior vice president with an international focus, ACE Group appointed three people who will help grow its Middle East and North Africa business, and OneBeacon ...
‘Westchester’ is ACE/Chubb’s Combined North America E&S Wholesale Business
ACE Limited, mapping out logistics of its planned $28 billion Chubb acquisition, will combine several divisions from both companies into a new North America excess and surplus lines wholesale ...
Alleghany’s TransRe Commuting A&E Cover; Paying AIG, Berkshire $400M
Weston Hicks's Alleghany Corp. will pay $400 million to wind down reinsurance deals with American International Group Inc. and Warren Buffett's Berkshire Hathaway Inc. for policies that date back ...
Anadarko Petroleum Must Pay Nearly $160M for 2010 Gulf Spill, Below U.S. Wishes
Anadarko Petroleum Corp. was ordered to pay almost $160 million for its role as part-owner of the doomed Gulf of Mexico well that in 2010 caused the biggest offshore oil spill in U.S. history. The ...
Cyber Attacks Becoming Significant Threat to Insurer Credit Quality: A.M. Best
Insurance rating agency A.M. Best still considers natural catastrophe losses to be the primary threat to the financial strength and credit quality of property/casualty insurers, but cyber-attack ...
Hurricane Stats Tallied as Atlantic Season Ends
While meteorologists were on target with their predictions of a below-normal Atlantic hurricane season, there was some activity to report, according to the Insurance Information Institute. I.I.I. ...
Eight Lloyd’s Syndicates Commit $400M Capacity to Fill Cat Protection Gap
Eight Lloyd's syndicates are joining forces to tackle the problem of underinsurance in emerging economies across Latin America, Africa, and Asia—committing capacity of $400 million towards ...