Reinsurance
$1.9B Deal for Platinum Gives RenRe Bigger U.S. Casualty Share
The $1.9 billion cash-stock deal by RenaissanceRe Holdings Ltd. for Platinum Underwriters Holdings will create a $4 billion company with a bigger footprint in the U.S. casualty and specialty ...
East Coast Storm Prediction Adds Risk to Thanksgiving Travel
A coastal storm may spread more than 7 inches of snow from northern New Jersey through central Massachusetts while sparing New York City any deep accumulations for the Thanksgiving holiday travel ...
RenRe Buying Platinum for $1.9B
RenaissanceRe Holdings Ltd said it would buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd for about $1.9 billion to boost its U.S. business. Platinum shareholders will get the ...
Risker P/C Industry Investments Likely as Returns Taper Off: Conning
The property/casualty insurance industry could very well see pricing taper into negative territory in 2015. Faced with that reality, plus low interest rates, companies may find them selves forced to ...
Swiss Re Americas CEO: Underserved Markets Ripe for Insurance Innovation
Underserved populations and market niches are ripe with potential for insurance innovators who are willing to take on the challenge of creating opportunities in areas that may seem unprofitable at ...
Flood Risk Follows Record Snowfall in Western New York
Lake-effect snow that killed eight people and halted travel across western New York may reach as high as 7 feet in some areas before stopping tomorrow, when temperatures will start to rise along with ...
Half of U.S. Now Being Hammered By Winter Snow
Here's another reminder of how cold it's been so far this season. Yesterday snow cover across the contiguous 48 states reached 50.4 percent before dropping back to 50.2 today, according to model ...
NAIC Working Group Recommends Bermuda as Qualified Jurisdiction
A working group of the National Association of Insurance Commissioners (NAIC) has recommended the Bermuda Monetary Authority (BMA) for approval as a "qualified jurisdiction" under the NAIC's ...