Reinsurance
Florida Private Flood Bill Now Law But Market May Take a While to Develop
Florida Gov. Rick Scott has signed legislation designed to encourage private insurers to offer flood insurance, but the industry is tamping down expectations that it will result in a viable market in ...
House Committee Votes on TRIA With NARAB Amendment, FSOC Moratorium
The Republican House Financial Services Committee (HFSC) voted 32-27 in a party line split Friday morning to renew the Terrorism Risk Insurance Program (TRIA) for five years, sending the measure to ...
Deutsch Taking Chief Strategy Officer Role at Hamilton Seeking Growth Beyond Bermuda
Hamilton Insurance Group announced Thursday that insurance and financial services veteran Bob Deutsch will be joining the company in the newly-created position of Chief Strategy Officer. Deutsch, who ...
1990s Soft Market Redux? Not Quite, But Global Re Outlook Negative, Says Moody’s
In June, Moody's Investors Service changed its outlook on the global reinsurance sector to negative from stable, noting that the current soft market has traits similar to the one that persisted in ...
Aon CATstream Expedites Cat Bond Coverage for Cedents
Aon Benfield Securities, the investment banking division of Aon Benfield, announced Wednesday that it has launched a new client facility that offers cedents faster and more efficient access to ...
Allianz, Munich Re’s Ergo Unit Rumored in Talks for Greek Insurer
Allianz SE, Europe's largest insurer, and Munich Re's primary insurance unit Ergo Versicherungsgruppe AG are in talks to buy Agrotiki Insurance from Greece's Piraeus Bank SA, said three people ...
Endurance Reacts to Latest Rejection from Aspen
Characterizing details of an announcement by the board of Aspen Insurance Holdings rejecting another cash-stock offer from Endurance as "combative," Endurance offered its own view of what it termed ...
Law Firm Sponsoring NYC ‘Re Under 40s’ Event
Parker Ibrahim & Berg announced Tuesday that it is sponsoring the upcoming "Reinsurance War Stories–Tales From the Trenches" event organized by the U.S. Reinsurance Under 40s Group, Inc. ("Re ...