Reinsurance
XL Group Grabs Minority Stake in Ada Investments
An affiliate of XL Group plc, the global insurance and reinsurance company, recently bought up a minority stake in Ada Investments. Neither side is disclosing specifics. Ada Investments is based in ...
Treasury Concerned About Hedge Funds Using Bermuda Reinsurers to Skip Taxes
The U.S. Treasury Department said it's considering ways to end a "loophole" that allows hedge- fund managers to avoid taxes by routing their investments through an insurance company in low-tax ...
Top 25 Non-Life Reinsurers: A.M. Best Ranking
This ranking is based on 2013 premiums. A more recent ranking based on 2014 premiums is now available. See related article, "Top 25 Non-Life Reinsurers Rank: A.M. Best's 2015 Analysis." AXIS Capital ...
Alternative Capital Now 20% of Cat Re Total: Aon Benfield
We've heard for a while now that alternative capital is increasing its share of the overall catastrophe reinsurance market. Aon Benfield Securities estimates its stake has now reached 20 percent of ...
Florida’s Reborn Home Insurance Market Unproven in Major Hurricane
As Florida seeks to revive its private home insurance market after almost a decade without a hurricane, homeowners are pouring $6 billion a year in premiums into a new generation of small, in-state ...
Major Storms Brewing in Both the Atlantic and Pacific
Tropical Storm Odile may become a hurricane tomorrow as it stays off Mexico's west coast, while tropical depressions formed in both the Atlantic and Pacific, the U.S. National Hurricane Center said. ...
13 Years After 9/11, a Call to Renew TRIA
Thirteen years after the 9/11 terrorist attacks, the insurance industry and business they cover are restating their call to Congress to renew a law establishing federal reinsurance coverage to help ...
Canopius Unveils U.S. Property Re Expansion Push
Canopius Group Ltd., a global specialty reinsurance company based in the U.K., will expand its U.S. operations nearly a year after getting snatched up by a Japanese casualty insurance giant. Canopius ...