Reinsurance
S&P Has More Homework to Do on Hedge-Fund Reinsurers: Execs
Responding to skepticism about the business models and risk cultures of a new crop of Bermuda reinsurers expressed by Standard & Poor's in a recent report, executives of three recent startups ...
Ex-AIG CEO Liddy Defends His Role as Government-Tapped Leader
Former American International Group Inc. Chief Executive Officer Edward Liddy defended his role as the government-tapped leader of the company at the time of a 2008 bailout, saying he took the job to ...
Ebola Spread Could Spur Big Business Interruption Losses: AIR Worldwide
With an ongoing outbreak of Ebola in West Africa shows no sign of slowing, AIR Worldwide predicted business interruption losses in a number of areas, but questions whether existing coverage will be ...
The FSB Wants Feedback on Policies For Systemically Important Insurers
The Financial Stability Board (FSB) is seeking public comment on proposed guidance "for the identification of the critical functions and critical shared services for systemically important insurers." ...
How to Unlock ‘Trapped Limits’ in Your Reinsurance Program
An insurance company that purchases three $100 million layers of property-catastrophe coverage may find it is short of coverage if three $200 million events occur, even though the total coverage ...
Hundreds of Ohio Quakes Tied to Fracking in New Study
A new study suggests fracking triggered hundreds of small, unnoticeable earthquakes in eastern Ohio late last year, months before the state first linked seismic activity to the much-debated ...
Hurricane Gonzalo Threatens Bermuda’s Hurricane-Free Streak
The last major hurricane to strike land anywhere in the Atlantic basin was Sandy in 2012. That may change tomorrow as Hurricane Gonzalo bears down on Bermuda. Gonzalo is a Category 4 storm, the first ...
XL Group Fills Major Executive Slot
XL Group, a global insurance and reinsurance company, has hired from within to fill a crucial executive position. Michael Garceau will now be chief financial officer of XL Group's global insurance ...