Reinsurance
AXIS, PartnerRe and Their $11B Merger Are Back in S&P’s Good Graces
AXIS Capital Holdings Ltd., PartnerRe Ltd. and their pending $11 billion merger are back in Standard & Poor's good graces, which has affirmed the ratings of both companies after essentially ...
Denial of Earthquake Claims Incurs Warning From Oklahoma Commissioner
With the dramatic increase in the number of earthquakes in Oklahoma — which some say are at least partly attributed to waste water injection wells related to the practice of hydraulic fracturing in ...
Chance of California Mega-Quake Rising: USGS
Scientists are virtually certain that California will be rocked by a strong earthquake in the next 30 years. And now they say the risk of a mega-quake is more likely than previously thought. The ...
Third Point Re Says It’s a Real Insurer as IRS Eyes Tax Rule
Third Point Reinsurance Ltd., which counts Dan Loeb as a founder, said it's more than just a hedge fund investing vehicle as the Internal Revenue Service weighs tightening regulation for offshore ...
P/C M&A Worth More Now and Expanding in Scope: Deloitte and Assured Research
M&A activity in the property/casualty industry is increasing in deal value and will likely expand from reinsurers to primary carriers, according to two new industry reports. Deloitte said that ...
For Insurers, China and Indonesia Offer Big Growth Opportunities: Aon Benfield
As rapid economic development, population growth and urbanization lead to increased insurance penetration, Asia Pacific represents a key area of growth in the global marketplace, according to a ...
AIG Drawn to Indonesia Shariah Insurance Growth
Indonesia's Islamic insurance industry is expanding three times as fast as Malaysia's, prompting American International Group Inc. and Sun Life Financial Inc. to seek a broader presence in the ...
A.M. Best: ORSA Won’t Affect Its Ratings Process
A.M. Best said that the new Own Risk and Solvency Assessment (ORSA) requirements taking effect for insurers in the U.S. this year won't affect its ratings process much at all. "Most carrier filing an ...