Reinsurance
Standard & Poor’s, A.M. Best, Downplay Initial Impact of TRIA’s Demise
Many insurers and businesses argue the absence of federal terrorism reinsurance beginning in 2015 could lead to a market breakdown and canceled coverage. But in the wake of Congress's inability to ...
Sea Level Rise May Come Faster, Greenland Ice Sheet Study Says
The Greenland Ice Sheet is the second-largest body of ice on Earth. It covers an area about five times the size of New York State and Kansas combined, and if it melts completely, oceans could rise by ...
Investors Aren’t Impressed by XL Group’s Proposed Catlin Acquisition
XL Group plc's acquisition discussions with Catlin for a rumored $3.97 billion-plus aren't exactly wowing investors. Media outlets reported that the insurer and reinsurer's stock dropped nearly 4 ...
Farmers Mutual Hail Will Buy Deere’s Crop Insurance Unit
Deere & Co., the world's largest manufacturer or agricultural machinery, agreed to sell its crop insurance segment to Farmers Mutual Hail Insurance Co. of Iowa, retreating from a business that ...
What Analysts Are Saying: Have P/C Prices Peaked?
With the hardening price phase officially over for property/casualty insurers by some accounts, analysts are not yet predicting any severe price declines for the year ahead—and underwriting profits ...
Hiscox Re’s Definition of Innovation: Offering a ‘Twist of Lime’
Reinsurance innovations at Hiscox Re don't necessarily come in the form of entirely new products, according to Mike Krefta, the chief underwriting officer. Rounding out offerings like RAP and ...
Fireman’s Fund Goes the Way of the Dodo Bird With ACE Acquisition Deal
The Fireman's Fund Insurance Co. brand is all but finished now, thanks to an end-of-year M&A deal. ACE Group disclosed on Dec. 18 that it has agreed to buy Fireman's Fund's high-net-worth ...
Catlin CEO Wins Insurance Hall of Fame Award
Stephen Catlin, Chief Executive of Catlin Group Limited, will be the 2015 Insurance Hall of Fame Award recipient, the International Insurance Society ('IIS') has announced. The Insurance Hall of Fame ...