Reinsurance
Lloyd’s Focuses on Brokers, MGAs, Capital in New ‘Vision 2025’ Plan Details
Lloyd's has published a more detailed strategy for 2014-2016, setting out how it will work towards achieving goals embodied in its "Vision 2025" Plan, describing "how the Corporation will support ...
Few Will Buy Insurance Against A Chinese Financial Meltdown
Selling insurance against a financial crisis should not be difficult, five years after the last one nearly wrecked the global economy. But when it comes to China, the world's second-largest economy, ...
Endurance Chips Away at Resistance to Its $3.2B Aspen Offer
Endurance's $3.2 billion hostile bid for Aspen Insurance Holdings took another nasty turn on April 21. Endurance's chief financial officer asserted in a blunt statement that the continued resistance ...
Aspen Restates, Expands on ‘Serious Concerns’ With Endurance ‘Proposal’
Three days after adopting a poison pill to fend off a hostile bid from Endurance, Aspen sent a letter to its shareholders Sunday restating concerns it first aired hours after the bid was made public ...
Forecasters to Issue Special Maps, Warnings on Storm Surge
Forecasters at the National Hurricane Center hope new color-coded maps they're trying out this year will simplify two important points about storm surge for coastal residents: how far from the beach ...
Reinsurance Market Softness Extends ‘As Far As the Eye Can See,’ CEO Says
The question that crops up whenever reinsurers experience soft market conditions is again being posed to industry executives, with leaders giving varying answers to analysts asking, "What kind of ...
Platinum Eyeing Riskier Assets to Boost Profits in Unending Soft Re Mkt: CEO
With underwriting profitability stalled, Platinum Underwriters Holdings could soon join the list of Bermuda reinsurers turning to riskier assets to boost the investment component of income, the ...
Private Market Can’t Reach TRIA Levels of Terror Cover: Govt. Report
Those who back renewing the Terrorism Risk Insurance Act, or TRIA, got shot in the arm on April 17 from federal regulators who have concluded that the private market can't provide reinsurance for ...