Specialty
Two New Tech Releases Designed to Improve P/C Company Routines
Two software companies focused on the insurance industry are releasing new initiatives that bring in high tech to help carriers do their jobs more efficiently. Guidewire Software, a California tech ...
Willis and UnipolSai Sponsor First Cat Bond For Italian Earthquake Risk
An Italian insurance company and a division of Willis Group Holdings plc completed what is billed as the insurance/reinsurance industry's first indemnity-trigger catastrophe bond for Italian ...
Lloyd’s, Fulbright Commission Expand Risk-Related Research Program
Lloyd's of London and the U.S.-U.K. Fulbright Commission announced recently that they've extended and expanded a program designed to pursue risk-related research in the U.S. The partnership, through ...
Marsh: Commercial Insurance Rates Continue Their Global Decline
Commercial insurance rates continued their global decline in the 2015 second quarter, a trend driven by a continued abundance of global capacity and a lack of large insured loss activity, Marsh said ...
Iran, Minus Sanctions, Could Be Huge Boon For Insurers/Reinsurers: A.M. Best
The potential lifting of trade sanctions on Iran could present a huge opportunity for insurers and reinsurers in the months and years ahead, A.M. Best concluded in a new briefing. Right now, the ...
Wells Fargo Explores Possible Sale of Crop-Insurance Unit
Wells Fargo & Co. is considering options for its crop-insurance business that may include a sale amid a flurry of acquisitions in the industry. The lender is looking into "strategic options," ...
Catastrophe Losses, Currency Volatility Upended Liberty Mutual’s Q2
Liberty Mutual Insurance faced a net income decline of close to 36 percent in the 2015 second quarter, with currency volatility, higher catastrophe losses and energy sector market pressures to blame. ...
S&P: Berkshire Hathaway Risks Ratings Cut Over $37.2B Acquisition
News this week that Berkshire Hathaway Inc. plans to spend $37.2 billion to acquire Precision Castparts Inc. is troubling Standard & Poor's. The ratings stalwart placed the company and its ...