Reinsurance
S&P: Changes to New TRIA Law Could Harm Small Insurers
Standard & Poor's offered a note of caution this week about the reauthorization of the federal terrorism reinsurance program, warning that changes made by Congress to boost co-insurance and ...
XL Group Triggers Plan to Grab Catlin for $4.2 Billion
XL Group Plc agreed to purchase Catlin Group Ltd., a Lloyd's of London company, for about 2.8 billion pounds ($4.2 billion) as the property-casualty insurer expands in specialized commercial ...
The U.S. Senate Approves House TRIA Bill; Obama’s Signature Widely Expected
The U.S. Senate voted overwhelmingly to reauthorize the federal terrorism reinsurance program that had been allowed to lapse on Dec. 31, a day after the House took similar action. President Barack ...
Qatar Re Appoints Ex- JLT Re CEO Speare-Cole as CUO
Qatar Re announced the appointment of Alastair Speare-Cole as chief underwriting officer, effective Jan. 12, 2015. He replaces Willi Schürch, who is retiring. Qatar Re CEO Gunther Saacke said that ...
Insurers Hope to Identify AirAsia Crash Beneficiaries by Month’s End
Insurers have begun processing claims in the crash of an IndonesiaAirAsia aircraft last month and hope to identify the beneficiaries by the end of January, an official from Indonesia's financial ...
Guy Carpenter Reinsurance Pricing Index Plunges 11 Percent
Prices charged by reinsurers for annual contracts renewed this month declined for a second straight year amid an absence of costly disasters, Guy Carpenter said. "Reinsurance pricing fell in many ...
Verisk: Cat Bond Issuance Hit Record Levels for Second Year in a Row
For the second year in a row, catastrophe bond issuance has hit record levels, an annual tally from the Property Claim Services unit of Verisk Insurance Solutions has concluded. Bond levels reached ...
TRIA Renewal Effort Begins Again With Republican-Led Congress
Twenty-eight trade groups representing the property/casualty industry and other businesses around the country are urging the U.S. House of Representatives to back a bill that would renew the ...