Reinsurance
ACE CEO Greenberg Cautions on Wall Street Draining Reinsurance Pond
ACE Limited Chief Executive Officer Evan Greenberg said the influx of Wall Street capital into the reinsurance industry is pressuring rates and that he is prepared to cut sales of backstop coverage. ...
Casualty ILS: The Time Has Come
The accelerating convergence of insurance and reinsurance with capital markets and the resulting effect on the traditional insurance and reinsurance business model have topped the insurance news ...
Sea Level Rise: New Iceberg Theory Points To Areas At Risk Of Rapid Disintegration
In events that could exacerbate sea level rise over the coming decades, stretches of ice on the coasts of Antarctica and Greenland are at risk of rapidly cracking apart and falling into the ocean, ...
Full Disclosure: Climate Change May Prove Risky For Insurers
Insurance companies are in a tricky position when it comes to the issue of climate change. On the one hand, virtually all of them insure policyholders facing the risk of a climate change liability ...
P/C Industry Told TRIA Extension Will Not Pass In Time For January Renewals
The property/casualty insurance industry should not count on Congress reauthorizing the federal terrorism reinsurance program this year or in time for January renewals, according to a key insurance ...
Loeb’s Third Point Reinsurance Files For U.S. Public Offering
Third Point Reinsurance Ltd., which counts hedge-fund manager Daniel Loeb as a founding shareholder, filed for a U.S. initial public offering to help it expand underwriting and increase investments. ...
MTA Plans Cat Bond Sale Linked To Storm Surge, S&P Says
The Metropolitan Transportation Authority plans to use bonds designed to help New York City's subway operator guard against storm surge damage after suffering $4.8 billion in wreckage from Hurricane ...
RMS Hurricane Model Update Coming; Lower Risk Indications Expected
When RMS releases an update for the catastrophe modeling firm's North American Hurricane model later this month, lower loss exposure estimates are expected, according to a representative of the firm. ...