Reinsurance
Warren Buffett Could Gain From Efforts to Weaken New Train Safety Rule
Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry, a key ...
Bermuda Adopts Solvency II ‘Equivalency’ Measures
A bulletin from Bermuda notes that the island's parliament took regulatory action this week to align its regulatory insurance procedure. The goal: recognition by the European Commission as being ...
Guy Carpenter Division Places First Cat Bond For China Perils
GC Securities said it has placed a newly formed catastrophe bond shelf program with China Re - the first of its kind to benefit Chinese insurers/reinsurers and perils. The announcement of the Guy ...
Amtrak to Concede Liability For Most Damages in Philly Crash Cases
Amtrak said it will concede that it's liable for most damages caused by the May 12 train derailment in Philadelphia that killed eight passengers and injured dozens. The railroad acknowledged Friday ...
Executives On The Move at Allianz, Aspen and More
We have executive promotions and hires to tell you about at Allianz, Aspen, Cooper Gay Swett & Crawford and RMS: *** Allianz Group said it has brought on Bernard McNulty to be head of claims in ...
Greek Economic Turmoil May Kill Munich Re Unit’s Acquisition Plan
Munich Re's Ergo Insurance unit may cancel its planned 90.1 million-euro ($100 million) acquisition of Greece's ATE Insurance SA if the country doesn't return to stability. "Depending upon how the ...
AXIS and PartnerRe Delay Merger Shareholder Vote to Mull Deal Sweetener
PartnerRe and AXIS Capital Holdings are postponing a shareholder vote on their $6.2 billion merger deal for two weeks as they contemplate enhancing the offer to fend off an unsolicited bid. Italian ...
Guy Carpenter: July 1 Re Renewals Display More Moderate Decline
July 1 reinsurance renewals show continued price declines, but the downward trend moderated, especially for U.S. wind-exposed programs, Guy Carpenter said in its latest briefing. The Marsh & ...