Reinsurance
Jury Favors Deloitte in Trial Alleging Faulty Audit Before Insurance Company Collapse
The question loomed for years: Was Deloitte & Touche LLP liable for allegedly faulty audits of Florida's Poe Financial Group, whose three property insurance subsidiaries went insolvent after a ...
BP Can Now Appeal Certain Gulf Spill Damages Claims
A U.S. federal appeals court said on Friday BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill. ...
Insurers Boost Lobbying Efforts to Shape National Capital Rules
Insurance firms, already among Washington's biggest donors, are securing powerful allies in Congress as the Federal Reserve draws up nationwide capital rules for the $1 trillion industry after years ...
Ex-NYS Insurance Superintendent Joins Guy Carpenter in Leadership Role
Guy Carpenter is bringing on a former New York State insurance superintendent in a bid to boost its regulatory advisory-prowess. The risk/reinsurance broking advisory firm said that James Wrynn will ...
EXOR Could Offer Sweeter Deal for PartnerRe; Board Meeting Tuesday
Italy's EXOR SpA will consider raising its $6.4 billion offer for reinsurer PartnerRe Ltd at a board meeting on Tuesday, two sources told Reuters on Friday. The Italian holding company, controlled by ...
Third Point Re: U.S. Expansion Helped Grow New Business in Q1
Third Point Reinsurance Ltd. reported solid gains in net income and new business during its 2015 first quarter, driven in part by its U.S. expansion efforts. The Bermuda-based reinsurer reported ...
Willis Re: Reinsurance Capital Oversupply Makes a Bad Situation Worse
Willis Re offers yet another industry warning about the oversupply of global capital in reinsurance. The reinsurance division of Willis Group Holdings said that dedicated global reinsurance capital ...
Insurers to FAA: Include Us In Your Commercial Drone Initiative
The FAA's new partnership with industry to explore the use of commercial drones in newsgathering, agricultural and railroad industries is drawing a cautiously optimistic reaction from the P/C ...