Reinsurance
Air Accidents Are at a Record Low
As the spotlight falls on Dutch crash investigators and their high profile probe into the downing of a Malaysian airliner, air accident detectives worldwide are waging a much more discreet daily ...
W.R. Berkley Unveils South Africa-Focused Treaty Unit
W.R. Berkley Corp. is turning to South Africa as the target of its latest business unit, which will be focused on working with both regional insurers and brokers. Chairman and CEO William R. Berkley ...
PartnerRe Losses From Tianjin Explosion Estimated at $50M-$70M
PartnerRe, soon to be acquired by the Italian investment firm EXOR, has chimed in with initial loss estimates from the Tianjin explosion in China. The Bermuda-based reinsurer said its Tianjin-related ...
Amtrak Sponsors Cat Bond for NE Storm Surge, Wind, Quake
Amtrak is getting $275 million of reinsurance protection from the capital markets for its wholly owned captive, covering storm surge, wind and earthquake perils, according to GC Securities. GC ...
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 ...