Reinsurance
Battle Over UK Business Interruption COVID-19 Test Case Continues Nov. 16
The UK Supreme Court will hear an appeal on Nov. 16 of the Financial Conduct Authority's (FCA) test case over which insurance companies should offer payouts to small businesses battered by the ...
How the Hardening Reinsurance Market Measures Up to the Past
Reinsurance price hikes and capacity changes are not reminiscent of prior hard markets, participants said in quasi-Rendez-Vous meetings, with some going as far as to say that current price changes ...
Carriers Tap Reserves to Fund New Business Growth
Insurers are increasingly using reserve transactions such as loss portfolio transfers and adverse development covers to liberate capital supporting past reserves and redirect it toward premium ...
Tropical Storm Eta Becomes 2020’s 28th Named Atlantic Storm
Tropical Storm Eta formed overnight [on Sunday, Nov. 1] in the Caribbean, becoming the Atlantic's 28th storm of 2020 and tying a 2005 record for the most named systems in a single year in records ...
Argo Group Streamlining Continues: Two Private Equity Investors Will Buy Ariel Re
Argo Group International Holdings plans to sell Ariel Re to two private equity investors. Pelican Ventures and J.C. Flowers & Companies are the buyers, and the transaction is expected to close in ...
Not Monte-Carlo: The Future of the Rendez-Vous and Working in Reinsurance
It's been said that necessity is the mother of invention. That proverb took on new meaning for insurers and reinsurers as they successfully scrambled to conduct business digitally at the onset of the ...
2020’s Strongest Typhoon Slams Philippines, Bringing Destruction and Death
At least 10 people died and three others were missing after Typhoon Goni, the world's strongest typhoon this year, barrelled through the south of the Philippines' main island of Luzon on Sunday, an ...
Argo to Leave Grocery, Restaurant and Other Retail Coverage Behind
Specialty insurer and reinsurer Argo Group International is exiting the grocery and retail lines of business, which include providing general liability and self-insured retention risk management ...