Reinsurance
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 ...
Aspen-Endurance Battle Escalates: Aspen Adopts Poison Pill, Endurance Reacts
The takeover battle between Aspen Insurance Holdings Ltd. and Endurance Specialty Holdings Ltd. escalated on Thursday, with Aspen's board of directors announcing a shareholder rights plan—commonly ...
RMS: Reinsurers Can Adapt to ILS Invasion Using NIKE As Inspiration
With hedge and pension funds continuing to dive into the reinsurance market through insurance-linked securities, or ILS products, Peter Nakada urges the industry to get used to it and adapt. Nakada, ...
RMS CEO Shah Confronts Delays With Cat Modeling Platform Rollout
RMS launched its Exceedance 2014 conference in Washington, D.C. on April 14 with a hard sell of RMS(one), a cloud-based catastrophe risk management system the California company hopes will modernize ...
WSJ: NAIC Head Blasts Dodd-Frank Law’s Insurance Industry Reach
The head of the National Association of Insurance Commissioners is lamenting that greater federal oversight now in place over insurers such as AIG is fixing something "that isn't broken," forcing ...
Will Validus Remain on Sidelines as Bermuda Consolidates?
With consolidation talk heating up in Bermuda this week, followers of the island market and its acquisition activity over the past decade wonder about the plans of Bermuda's most active acquirer in ...
Chilean Wildfire Damage Wipes Out 2,000-Plus Homes And Counting
Chilean firefighters were struggling to control a blaze around the city of Valparaiso that has destroyed more than 2,000 homes on Monday, just two weeks after an earthquake collapsed houses in the ...
Round 3: Endurance Says Aspen Offers Shareholders ‘Red Herrings’ Instead of Value With Bid Response
In the third volley of a contest between two Bermuda specialty companies on Monday, Endurance said that Aspen's rejection of a bid to buy the company for $3.2 billion ignores the best interests of ...