Reinsurance
XL Group, Stone Point Capital Form Joint Investment Manager
XL Group and private equity firm Stone Point Capital LLC announced the formation of a new Bermuda-based company to act as an investment manager in insurance-linked securities and other reinsurance ...
RenaissanceRe Expands Global Re Operations By Launching U.S. Platform
RenaissanceRe Holdings Ltd. announced the formation of RenaissanceRe Underwriting Managers U.S. LLC, a specialty reinsurance agency based in Connecticut, on Thursday. The agency will support the ...
ILS Issuance Just Short Of Record For Second-Quarter 2013; Is Casualty Next?
Tallies of catastrophe bond issues for the first-half have been coming in from reinsurers and brokers over the last two weeks, with the numbers all suggesting that 2013 could be a record year of ...
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 ...