Specialty
Insurers Will Pay Unprecedented $135B in Natural Catastrophe Claims for 2017: Munich Re
Insurers will have to pay claims of around $135 billion for 2017, the most ever, following a spate of hurricanes, earthquakes and fires in North America, according to a report published on Thursday. ...
Sompo International to Boost Surety Market Presence With Lexon Acquisition
Sompo International, a Bermuda-based specialty insurer and reinsurer, is making an acquisition designed to boost its presence in the surety market. The transaction will take place through its U.S. ...
Women Are Making Steady Gains in Insurance Industry Leadership Positions: Research
Women are making strides in building their ranks among insurance industry leadership positions even as they remain in the minority, according to new industry demographic research from Saint Joseph's ...
Qatar Re Will Acquire Markerstudy Companies Based in Gibraltar
Qatar Reinsurance Co. Ltd. has signed an agreement to buy four Gibraltar-based insurers from Markerstudy Group. Financial details of the deal were not disclosed, but Qatar Re said that Markerstudy ...
Executives On The Move at JLT Specialty USA, Old Republic, CoreLogic and More
JLT Specialty USA has a new senior vice president. Old Republic International Corp. brought on a veteran executive from The Hartford in a leadership role. CoreLogic hired a chief legal officer. An ...
Massive Winter Storm Predicted, From Florida to Canada
The worst winter storm of the season threatens to bring snow, ice and cold from Nova Scotia to Florida, including a foot or more in Boston and a few inches in Manhattan. Winter storm warnings and ...
Belgium’s Ageas Sells Stake in Italian Insurer to BNP for $213.6M
Brussels-based insurer Ageas on Dec. 29 completed the sale of its stake in Italian bancassurer Cargeas Assicurazioni (CARGEAS) to BNP Paribas Cardif for $213.6 million in cash. Ageas and BNP Paribas ...
Widespread Reinsurance Price Hikes Unlikely Even After Record 2017 Catastrophe Losses: Willis Re
The estimated $136 billion in catastrophe loss estimates for 2017 is one for the record books. But resulting, widespread reinsurance price hikes in 2018 aren't likely, Willis Re said in a new report. ...