Specialty
U.S. P/C Underwriting Profit Grew in 2015, but Net Investment Income Sank: A.M. Best
A double-digit decline net investment income in 2015 added a dour note to what was the third consecutive year of underwriting profitability for the U.S. property/casualty industry. Underwriting ...
The Latest Launches From Karen Clark, Allianz and Hiscox
Karen Clark & Co. has released the latest version of its RiskInsight modeling platform. Allianz is expanding its travel insurance through a partnership with a motorcycle rental/tour operator. ...
Munich Re Shares Dip Due to Equity Investment Losses, Restructuring Charges
Munich Re, the world's second-biggest reinsurer, revised its full-year profit target to include restructuring charges at its primary insurance unit and losses on equity investments that hit ...
Executives On The Move at QBE, CNA, Argo Group and Aspen Insurance
Former executives from Chubb and AIG are joining QBE North America and Argo Group, respectively, in new roles. CNA has a new executive who will help build its cyber insurance practice. Argo Group did ...
Workers Comp Market Further Improves Profit and Health in 2015: NCCI
The workers' compensation market is healthy and profitable. This year's "State of the Line" report, published by the National Council of Compensation Insurance (NCCI), indicates that the workers' ...
AIG Again Dips into ILS Financing for Mortgage Insurance Arm
AIG has nailed down nearly $300 million of indemnity reinsurance coverage for its mortgage insurance business, expanding on its initial use of ILS financing for the division nearly a year ago. The ...
Insurers Will Both Suffer and Endure in Wake of Alberta Wildfires: Ratings Reports
While the wildfires raging through northern Alberta and the city of Fort McMurray could bring one of the largest catastrophe losses in Canadian history, property insurers are resilient, according to ...
Soft Market Will Continue to Drive Down Reinsurer Profits in 2016: Fitch
Global reinsurance sector profits in 2016 will fall below 2015 levels as soft market rates, low investment income and an over-supply of capital continue to take their toll on the market, according to ...