Reinsurance
ACE Advances Thailand Acquisition After a Robust Q1
Earlier this week, ACE Ltd., working with a local partner, finished its acquisition of a 60.9 percent stake in a general insurance company in Thailand. Chairman and CEO Evan Greenberg said Wednesday ...
Munich Re CEO Blames Capital Mkt Interest Rates For Profit Hit
Munich Re' s net profit fell in the first quarter, its chief executive on Wednesday, hit by low capital market interest rates that continue to weigh on investment income at the world's largest ...
Validus Looking to Grow in U.S. Insurance Market, CEO Says
The chief executive officer of Validus Holdings said that there are growth opportunities for the group's insurance operations in the United States, at a time when growth for the Bermuda reinsurance ...
Tornadoes Hit Miss., Tenn. and Ala. Next in Ongoing Storm Advance
The cluster of tornadoes, heavy rain and winds that created a path of destruction and fatalities through seven southern states on April 27 continued their advance a day later, hitting parts of ...
Reardon is Hamilton Re CEO
Kathleen Reardon has been promoted to the position of Chief Executive Officer of Hamilton Re, Hamilton Insurance Group's Bermuda-based Class 4 property/casualty reinsurer, according to a group ...
Tornadoes Wreak Havoc In Several States, Causing Fatalities
At least 19 people were reported killed in an early tally in the wake of dozens of tornadoes that tore across 7 states on April 27 in the south-central United States. The storms also injured dozens ...
Hiscox Boosts Terrorism Risk Coverage Capacity
Specialist insurer Hiscox will drastically boost its capacity to handle U.S. domiciled terrorism risk coverage, even as Congress continues to debate renewing the Terrorism Risk Insurance Act. ...
Some ILS Money Irrational; Trad’l Re Mkts Adding Terror to Cat Cover: CEO
The once responsible insurance-linked securities market is showing signs of being overheated and irrational, the chief executive of the holding company for a Bermuda-based reinsurer said on Friday. ...