Reinsurance
Hannover Re Benefits From P/C Earnings Surge
Hannover Re, the world's third-largest reinsurer, said second-quarter profit rose 19 percent, as lower catastrophe claims helped a surge in earnings from property and casualty. Net income increased ...
Munich Re Steps Into U.S. Private Flood Insurance Market
Munich Re's U.S. arm sees growth potential in the private flood insurance market. The German reinsurer is launching a personal lines inland flood insurance product targeted at giving more options to ...
AmTrust Expands With Plans to Snatch Up Dutch Reinsurer for $167.9M
AmTrust Financial Services is snatching up a Dutch reinsurer of surety and trade credit insurance for more than $167.9 million. The multinational insurance holding company said it will pay at least ...
Global Insurance Forum Rewind: Underwriters Lead Industry Renaissance, McGavick Says
There is a renaissance happening in the property/casualty insurance industry, and underwriters are at the forefront of the shift back to relevance, according to the leader of XL Catlin. Michael ...
A.M. Best Issues Ratings Downgrade For PartnerRe; S&P Goes ‘Negative’
PartnerRe's agreement to be acquired by Italian investment firm EXOR for $6.9 billion rather than merge with AXIS Capital Holdings drew a swift rebuke from A.M. Best, which downgraded its financial ...
XL Catlin Already Realizing Benefits of M&A Deal With Income/Premium Gains
XL Group, corporate parent of the newly merged XL Catlin, saw some real benefits from consolidation in the 2015 second quarter - its first as a combined company. Net income for Q2 reached $915 ...
A Different Take on Insurance Price Optimization
Bill Gausewitz, Esq., recently published an intriguing article in Carrier Management that supports insurers using "price optimization" approaches to make profits. He pits "…business goals of growth ...
TigerRisk Pursues Asia Expansion With Launch of Hong Kong Office
TigerRisk Partners has established a beachhead in Asia, starting with a new Hong Kong office launched via a subsidiary. The Connecticut-based insurance broking and risk/capital management firm said ...