Reinsurance
After El Niño Fades, the 2015 Hurricane Season Could Be Quite Different
The 2014 Atlantic hurricane season is over, and in terms of severity, it was officially a dud. In parts of the Pacific, however, cyclone formation was robust, hitting Hawaii, Japan and India. But ...
TRIA or Not, XL Group Is Betting on Its Own Standalone Terrorism Insurance Policy
XL Group has come up with a standalone terrorism insurance policy meant to cover gaps in the Terrorism Risk Insurance Act, or TRIA, whether or not the federal reinsurance law is renewed. The new ...
Moody’s: Weather and Competition Threaten Rising P/C Earnings
U.S. property/casualty insurers can celebrate higher overall earnings and premium levels in the 2014 third quarter versus the same period a year ago, Moody's Investors Service said in a new report. ...
London’s ‘One Re’ Plans Expansion Into 38 African Countries by 2015
One Re Ltd., the first reinsurer approved under Britain's "twin peaks" system of financial regulation, said it's seeking clients across 38 African countries in the next year as growth outpaces ...
Arch Agrees to Take Full Ownership of Gulf Re
Arch Capital Group Ltd. agreed to take complete ownership of Gulf Reinsurance Ltd. after losses on a venture that was backed by oil-producing nations. Arch will also take on liabilities from ...
RenRe’s Deal for Platinum Could Spur More Reinsurance M&A: Fitch
The $1.9 billion cash-stock deal by RenaissanceRe Holdings Ltd. for Platinum Underwriters Holdings could spark more merger and acquisition activity among reinsurers, Fitch Ratings said last week, ...
World Bank Says Some Climate Change Impacts Unavoidable
Some future impacts of climate change, such as more extremes of heat and sea level rise, are unavoidable even if governments act fast to cut greenhouse gas emissions, the World Bank said in late ...
Swiss Re: Emerging Markets to Push 2015 Premium Growth
Global non-life insurance direct premiums will grow moderately over the next few years, Swiss Re predicts in a new report. A surging emerging market is expected to generally balance out stagnant and ...