Industry News
Third Point Re, Greenlight Capital Re Targeted by Short Sellers as Losses Soar
The shorts are targeting one of Wall Street's best known short sellers. Bearish investors have piled on bets against a reinsurer started by hedge fund manager David Einhorn as the company's losses ...
China Leader Urges United Front Against Hacking, Network Surveillance
China's President Xi Jinping laid out his vision for the Internet on Wednesday, calling for respect of different governance models and standardized online security, placing China at the front of ...
AXIS Opening New Office in Dubai
AXIS Capital Holdings is looking to Dubai to help spur its next expansion phase. The Bermuda-based specialty insurer and reinsurer said its wholly owned subsidiary AXIS Re SE won a license from the ...
Clear Blue, New U.S. Commercial Insurance Fronting Outfit, Rolls Out Nationally
A newly-formed commercial insurance fronting provider, Clear Blue Financial Holdings LLC, said it has officially launched with two fully-licensed fronting carriers and will begin servicing clients ...
Most Insurers Both Ready for and Threatened by Solvency II
With only a few weeks left before Solvency II rules kick in on Jan. 1, most insurers are at least somewhat ready for the new minimum capital requirements, according to a new survey of executives from ...
PwC Board Survey: Majority of Large Insurers Have Risk Committees, CROs
Property/casualty insurance company senior executives aren't the only carrier leaders overwhelmed by multiple demands on their time. Members of P/C insurer boards of directors are similarly ...
Allianz Global Corporate & Specialty Launches U.S. Cyber Unit
Allianz Global Corporate & Specialty (AGCS) is launching a dedicated cyber unit in the U.S. as part of its Financial Lines portfolio. Emy R. Donavan and Jenny Soubra have been named national ...
Europe’s Domestic Regulators Add Tougher Rules On Top of Solvency II
Domestic regulators are increasingly "gold-plating" new European insurance capital rules by adding their own more stringent requirements, according to a survey of insurance trade associations. ...