Specialty
Munich Re Steps Into U.S. Private Flood Insurance Market
Munich Re's U.S. arm sees growth potential in the private flood insurance market. The German reinsurer is launching a personal lines inland flood insurance product targeted at giving more options to ...
AmTrust Expands With Plans to Snatch Up Dutch Reinsurer for $167.9M
AmTrust Financial Services is snatching up a Dutch reinsurer of surety and trade credit insurance for more than $167.9 million. The multinational insurance holding company said it will pay at least ...
Global Insurance Forum Rewind: Underwriters Lead Industry Renaissance, McGavick Says
There is a renaissance happening in the property/casualty insurance industry, and underwriters are at the forefront of the shift back to relevance, according to the leader of XL Catlin. Michael ...
AIG Focuses on Japan Integration Plan, Putting More M&A On Hold For Now
American International Group Inc. plans to sit out the unprecedented wave of insurance industry dealmaking and instead focus on integrating businesses in Japan. The timetable for merging AIU with ...
A.M. Best Issues Ratings Downgrade For PartnerRe; S&P Goes ‘Negative’
PartnerRe's agreement to be acquired by Italian investment firm EXOR for $6.9 billion rather than merge with AXIS Capital Holdings drew a swift rebuke from A.M. Best, which downgraded its financial ...
Berkshire Hathaway Specialty Targets Australia/New Zealand Marine Insurance Market
Berkshire Hathaway Specialty Insurance Company is diving into marine insurance underwriting in both Australia and New Zealand. BSHI said it has appointed Dimitry Zilberud as head of marine, and Mark ...
XL Catlin Already Realizing Benefits of M&A Deal With Income/Premium Gains
XL Group, corporate parent of the newly merged XL Catlin, saw some real benefits from consolidation in the 2015 second quarter - its first as a combined company. Net income for Q2 reached $915 ...
A Different Take on Insurance Price Optimization
Bill Gausewitz, Esq., recently published an intriguing article in Carrier Management that supports insurers using "price optimization" approaches to make profits. He pits "…business goals of growth ...