Reinsurance
An Arctic Blast Returns the P/C Industry to Winter Cat Risks
An arctic blast began to dump heavy snow in parts of the northern Rockies, Plains and the Great Lakes regions on Monday and meteorologists said temperatures are expected to plummet throughout the ...
Hiscox Reinsurance Portfolio Plunges by Double Digits
Hiscox Ltd. gives a sobering example of how damaging the ever-softening reinsurance market has become. The Lloyd's of London specialist insurer said it has experienced double-digit drops in its ...
The Wealthy Take a Risk on Post-Hurricane Sandy Jersey Shore
When Hurricane Sandy roared through New Jersey two years ago, it not only tore up the shoreline. It also pushed out much of the middle class. From Ocean City to Toms River, one-story cottages and ...
Swiss Re’s P/C Reinsurance Unit Excelled in Q3
While the property/casualty reinsurance industry continues to be hammered by heavy competition and soft pricing, Swiss Re can celebrate its 2014 third quarter results. The Zurich company reported a ...
Third Point Re CEO Berger Gains Contract Extension
The board of directors at Bermuda's Third Point Reinsurance Ltd. has renewed the contract of CEO John Berger for another three-year term. Berger will also continue as Third Point's Chief Underwriting ...
James River IPO Could Raise Up to $288 Million
James River Group Holdings Ltd, a Bermuda-based insurance holding company, filed for an initial public offering of common shares that would raise up to $288 million. Hedge fund D.E. Shaw & Co ...
RSA CEO: Premiums Down; Strategy to ‘Reset’ Insurer Ahead of Schedule
RSA Insurance Group Plc declined in London trading after reporting lower premiums in the first nine months of this year as prices fell and it withdrew from less profitable businesses. RSA, which was ...
Munich Re’s Net Income Soared But Still Missed Analysts’ Estimates
Munich Re, the world's biggest reinsurer, posted third-quarter profit that missed analyst estimates as low interest rates eroded returns from its fixed- income investments. Net income rose 16 percent ...