Reinsurance
From Earthquakes to Typhoons, August Was a Tough Weather Month
As far as natural perils go, it was mostly about earthquakes in August, with a few tropical storms and typhoons around the world to add to the trouble, according to Aon Benfield's Impact Forecasting ...BP Risks $18B Fine in Gulf of Mexico Oil Spill After Judge Assigns Blame
A U.S. judge has decided that BP Plc was "grossly negligent" and "reckless" in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 ...
Loeb’s Third Point Re Shares Challenged While Hedge Fund Thrives
Dan Loeb's foray into the reinsurance industry is proving to be more volatile for investors than his hedge-fund returns. Third Point Reinsurance Ltd., a Bermuda-based firm that relies on the ...
Aspen Names New Reinsurance CEO
Aspen Insurance Holdings Ltd. - fresh from successfully rebuffing an M&A bid from a Bermuda reinsurance rival - has named a new leader of its reinsurance arm. The company said that Stephen ...
S&P: Reinsurers Downplay Climate Change at Their Own Risk
Reinsurers must not take climate change for granted or underestimate its impact. If they do, they risk dealing with higher levels of catastrophic risks that fall way outside of their financial ...
Industry Execs See Reinsurance Market Woes Continuing
The worst reinsurance market in memory looks set to carry into 2015, industry executives said. An absence of costly disasters and increasing competition from new entrants dragged on prices this year, ...
What Analysts Expect in 2015: Lower Rates, More M&A, Underwriting Losses
Analysts seem to agree on a few things, at least, about what the property/casualty insurance industry can expect through the end of 2014 and into 2015. Reinsurance consolidation is coming, they say. ...
Don’t Encourage Competitors
Those who listened to Alan Zimmermann, managing director of Assured Research, talk about the history of the reinsurance industry at the Casualty Actuarial Society's Seminar on Reinsurance earlier ...