Industry News
Munich Re at Monte Carlo: Predictions of Moderate Growth
While many expect the global property/casualty reinsurance industry to continue its downward pricing spiral, Munich RE predicts moderate growth for itself in the near future. The world's largest ...
ACP Re/Tower Group Merger Deal Finally Closes
After months of uncertainty, the merger of ACP Re Ltd. and struggling reinsurer Tower Group International has finally closed. Bermuda-based ACP Re and Tower announced on Sept. 12 that all regulatory ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
XL Group, Munich Re and New Energy Risk Team Up to Insure Fuel Cell Portfolio
XL Group's Complex Accounts unit has teamed with Munich Re's Green Tech Solutions and consultants New Energy Risk (NER) to deliver an innovative performance insurance policy for a portfolio of fuel ...
Nationwide Announces Leaders to Execute One-Brand Strategy
Nationwide, which announced that it intends to realign all its products and subsidiaries under the Nationwide brand early this month, followed up by announcing new internal divisions along with names ...
Moody’s at Monte Carlo: Reinsurers Pushing into Primary Insurance
Reinsurers are seeking to push into the primary insurance market ranging from life to property coverage to shore up growth, said Moody's Investors Service. "We expect more mergers and acquisitions," ...
Monte Carlo Consensus: Reinsurance Prices Will Keep Falling
Reinsurance prices will fall and worsening terms and conditions will spread to new classes next year as the industry competes for business, said reinsurers and brokers gathering at their annual ...
Britain is 1st Western Govt. to Issue Offshore Bond in China’s currency
Britain will become first Western government to issue an offshore bond in China's renminbi currency, finance minister George Osborne said on Friday, deepening efforts to build financial links with ...
TigerRisk Responding to Retro Demand With New Bermuda Office
Citing demand from a "new group of sophisticated retrocessional buyers," TigerRisk Partners announced the opening of a new Bermuda office on Monday. In a statement announcing the new office, Rod Fox, ...