Reinsurance
Allianz: New Materials, Lawsuits Driving Up Aviation Claims Costs
Even as aviation becomes safer overall, everything from new materials in plain design to more lawsuits is driving up the cost of claims, Allianz concluded in a new study. Details can be found in the ...
TRIA Reauthorization Passes House With Higher Government Involvement Threshold
The U.S. House voted Dec. 10 to extend by six years a federal backstop for insurers offering coverage against terrorism, advancing efforts to retain a program created in response to the attacks of ...
Who Can You Trust? Execs Wary of Alternative Capital
Amping up the drumbeat on potential problems with alternative capital providers, reinsurance industry executives aired critical views about their enduring competitors recently with words like ...
2015 Outlook: Rate Drops Dim Prospects for Underwriting Profits, PwC Says
Underwriting returns alone just won't cut for some London market insurers and reinsurers in 2015, according to PwC, which says that 20 percent of the market participants are "materially reliant" on ...
House Leaders Unveil Their Version of a TRIA Extension, With Attachments
House leaders released a proposed six-year extension of a federal program to insure property against the risk of terrorism, including a Republican proposal to revise a bank regulatory law. The ...
Judicial Panel Orders Hurricane Sandy Flood Insurers to Fork Over Reports
A Travelers Cos. unit and other flood insurers accused by Hurricane Sandy victims in New York of using falsified engineering reports must turn over the drafts to policyholders, a three-judge panel ...
Verisk Grabs ‘Complementary’ British Rival for $31.6M
Verisk Analytics snatched up a British analytics and advisory outfit for more than $31.6 million, beefing up its research and data capacity for geopolitical and other risks in the process. The New ...
AXIS Capital Holdings’ Board O.K.’s New $750M Share Repurchase
AXIS Capital Holdings Ltd. plans to repurchase $750 million in its common shares over the next two years, adding to an already sizable buyback of a few billion dollars worth of shares. The ...