Reinsurance
Germany Approves Draft Law Extending Nuclear Liability for Utilities
German Chancellor Angela Merkel's cabinet approved a draft law on Wednesday which ensures that utility companies remain liable for costs associated with the shutdown of the country's nuclear power ...
Hamilton USA CEO Ward Resigns; Deutsch to Serve as Interim Head
Hamilton USA CEO Conan Ward has resigned less then two years after taking on the job to develop Bermuda-based parent company Hamilton Insurance Group's U.S. operations. Hamilton Insurance Group ...
Ex-U.S. Sen. Ben Nelson Won’t Renew Contract as NAIC CEO
Former U.S. Senator Ben Nelson will not renew his contract as chief executive officer of the National Association of Insurance Commissioners (NAIC), the group announced. Nelson's current term ends on ...
China Insurers Pursue Western Carriers as Mentors
Chinese insurers are pursuing strategic tie-ups and outright M&A to tap Western expertise, keen for knowledge on products, pricing and technology as a nascent market for health and property ...
Strong El Nino Could Prevent Relief from Smoke Haze Choking Asia
The choking haze that has blown across Southeast Asia from burning rain forests in Indonesia may get worse and last several more weeks as an unusually strong El Nino keeps away seasonal rain that ...
Q3 Property Cat Bond Issuance Hit $700M: Verisk
Nearly $700 million in property cat bond issuance took place during Q3 2015, a number considered relatively light compared to past years, noted a new report from the Property Claim Services unit of ...
Executives on the Move at Liberty Mutual, Validus Re, Willis and More
We have new hires and promotions to tell you about at Liberty Mutual, Validus Re, Willis and Markel International: ** Liberty Mutual Insurance has a new executive vice president and general manager ...
FAA May Ban Rechargeable Lithium Battery Cargo From Passenger Airlines
The risk of unstoppable fires is prompting U.S. officials to back a proposed international ban on rechargeable lithium battery shipments as cargo on passenger airlines. "We believe the risk is ...