Reinsurance
Resurgent Iceland Volcano Adds Risk to North Atlantic Flights
Airlines are on alert as one of Iceland's biggest volcanoes rumbles to life, threatening ash clouds that could force flight cancellations across the North Atlantic, the busiest international travel ...
A.M. Best: Global Reinsurance Outlook Turns to Negative
Citing "weakening operating fundamentals" for reinsurers at large as the market continues to soften, A.M. Best has revised its outlook for the sector to negative. "It remains difficult to stray from ...
I.I.I.: Earthquake Risks Rising as Homeowners Coverage Declines
While earthquake risks are rising in the U.S., fewer homeowners nationally say they have earthquake insurance, creating a potentially huge gap in coverage, according to the Insurance Information ...
China Investment Firm to Buy Big Stake in Ironshore
An investment group from China will buy a big stake in in Ironshore Inc., a billion-dollar insurance holding company led by former AIG executives that filed plans for a $100 million IPO in late June. ...
Soft Reinsurance Market Jeopardizes Company Financial Ratings: S&P
Property/casualty reinsurers aren't just facing heavy competition, declining premiums and excess capacity. These conditions, over time, could also jeopardize their financial ratings moving forward, ...
For now, Atlantic Hurricanes are Few and Far Between
It's almost the middle of August, and the Pacific has been cranking out hurricanes and typhoons all over the place. So, what's with the Atlantic? After just about two and half months, hurricanes ...
Coastal Cities Sinking Faster Than Sea Levels Rising, Lloyd’s Warns
A bulletin from Lloyd's of London warns that, "as sea levels rise, ground levels in coastal megacities are also falling – with potentially disastrous implications for insurers. Insurers of large ...