Reinsurance
P/C Carriers Could Counter Hailstorms With More Reinsurance: RMS
Now that hailstorms are no longer "attritional perils" and are much more widespread than they used to be, property/casualty insurers could benefit from adding reinsurance for these threats, an RMS ...
Bugs and Hurricanes Could Crush Florida Citrus Groves
After a disease-spreading bug wreaked havoc on Florida citrus groves this year, growers like Maury Boyd are seeing a new threat from the weatherman that would mean "pure hell" for orange-juice ...
Aon: Storms Packed a Wallop in May Despite Tornado Lull
In May, severe global weather left insurers with mixed data to mull over. While U.S. tornado activity for the month remained in the bottom 25th percentile dating back to the 1950s, major weather ...
Citing Success, Farmers Pulls Climate Change Lawsuit
Farmers Insurance Group, which filed nine class actions in May against nearly 200 communities in the Chicago area, is withdrawing its lawsuit. The suit accused the Illinois municipalities of failing ...
Berkshire Hathaway’s General Re Chooses Asset Management Head
General Re, a unit of Warren Buffett's Berkshire Hathaway Inc., promoted Bill Rotatori to chief executive officer of its asset management unit that oversees $63 billion for clients including ...
Reinsurers Are Ripe For M&A: Nomura
The reinsurance market is ripe for consolidation because the sector continues to soften, with alternative capacity in at least one area set to double over the next few years, a Nomura Equity Research ...
Looser Terms Luring Non-Buyers Back Into Casualty Reinsurance Market
While it might take an innovative clash cover to lure Chubb's reinsurance buyer back into the casualty reinsurance market, other cedents are enticed by higher ceding commissions and multiline and ...
Bipartisan TRIA Renewal Bill Advances Out of Senate Committee
The effort to renew the Terrorism Risk Insurance Act, or TRIA, moved forward on June 3 as a bipartisan bill advanced out of the Senate Banking Committee with a few amendments attached intended to ...