Industry News
Watford Re Readies for Business; Best Assigns Ratings, Stable Outlook
In a statement Wednesday, Bermuda-based Watford Holdings Ltd. said it expects that reinsurance operations of its wholly-owned subsidiary Watford Re Ltd., will start up soon, following the recent ...
BMS Launches Severe Weather Analytics
BMS Group has announced a new weather risk management module as part of its iVision suite of analytical tools and services. The unique analytical tools allow carriers to better understand their risk ...
Insurance Details on Loss of Malaysian Air Flight MH370 Clouded
Very few details have been released by the re/insurance industry related to the missing Malaysian Airlines flight MH370, which has caused some minor confusion as to the re/insurers providing coverage ...
China Orders Insurers to Halt Sales of Smog Insurance
Chinese regulators have told the country's two largest insurers to stop selling coverage against smog, a week after such policies were launched, the China Daily reported. The newspaper did not say ...
Puerto Rico, Detroit Investors Buoyed by Bond Insurers’ Rebound
Buyers of debt issued by bankrupt Detroit or junk-rated Puerto Rico are finding it pays to have bond insurance. The backing is even more valuable after upgrades of units of Assured Guaranty Ltd. and ...
2013 Natural Catastrophes Cost $37B in Insured Losses: Swiss Re
Global insured losses from natural catastrophes and man-made disasters totaled $45 billion in 2013, down from $81 billion in 2012, according to the latest sigma study from Swiss Re. Of the 2013 ...
Lloyd’s Profits for 2013 Near $5.3B
Lloyd's announced a profit of $5.29 billion for 2013, compared to $4.63 billion in 2012. Gross written premium increased to $43.14 billion, and Lloyd's noted that its capital position further ...
Skerlj Becomes Hamilton Re CRO
On Monday, Hamilton Insurance Group, the Bermuda-based holding company for Class 4 property and casualty reinsurer Hamilton Re, announced that Peter Skerlj was promoted to the position of Chief Risk ...