Reinsurance
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 ...
Forecasters Reaffirm Below-Average Atlantic Hurricane Season Outlook
Colorado State University (CSU) researchers continue to predict a below-average hurricane season for the Atlantic basin in 2014, citing exceptionally unfavorable hurricane formation conditions in the ...
Investment Gains Jolt Berkshire 2Q Earnings; P/C Earnings, Premiums Flat Overall
Net income for Berkshire-Hathaway soared nearly 41 percent to $6.4 billion in second-quarter 2014, with nearly $2.0 billion of investment gains lifting the total, while underwriting profits for ...