Reinsurance
Two Massive Storms Threaten Hawaii’s Peak Tourist Season
A pair of storms bearing down on Hawaii threatens to bring rain, flash floods and mudslides to the island state during one of its peak months for tourism. Hurricane Iselle, with top winds of 90 miles ...
Swiss Re CEO: Opportunities Fueled a Great Quarter
Swiss Re Group excelled in the 2014 second quarter with improved results in nearly every area but particularly property/casualty reinsurance. Group CEO Michel M. Liès noted the milestone stands in ...
Typhoon Rammasun Costliest Weather Event So Far in 2014
Super Typhoon Rammasun has become the costliest weather event so far in 2014, inflicting $6.5 billion in catastrophe losses in the Philippines and China. That's according to the latest Global ...
‘Most Hackable’ Car Claim Draws Muted Response From Chrysler, Nissan
Chrysler and Nissan said they are reviewing a report by well-known cyber security experts that rates their vehicles among the three "most hackable" cars on the market, along with a General Motors ...
Liberty Mutual’s Q2 Net Income Hits Double-Digit Drop
Liberty Mutual Holding Co. Inc. and its subsidiaries reported net income of $393 million for the quarter ended June 30, 2014, down $55 million or 12.3 percent from the same period in 2013. Net ...
KPMG: More Insurance Execs Are Mulling M&A Activity
An increasing number of insurers are mulling M&A activity or strategic acquisitions of specific lines of business in the months ahead, a new KPMG report concluded. Concerns about new regulations ...
Endurance’s Earnings Call Includes Barely a Mention of Failed M&A Deal
Endurance Specialty Holdings Ltd. Chairman and CEO John Charman barely addressed the company's three-month, failed attempted to buy Bermuda reinsurance rival Aspen Insurance Holdings during a 2014 ...
Brazilian Investment Bank, Abu Dhabi Fund Partner on Ariel Re Takeover
Grupo BTG Pactual, Brazil's only publicly traded independent investment bank, is partnering with shareholder Abu Dhabi Investment Council to expand its reinsurance business, said Chief Executive ...