Industry News
Low Insured Losses Expected for Chile Earthquake: AIR
Catastrophe modeling firm AIR Worldwide does not expect significant insured losses from the magnitude 8.2 earthquake that struck off the coast of Chile on Tuesday because the region is relatively ...
Guy Carpenter Hires Direct Re Team as Brokers From Endurance
Guy Carpenter & Co. LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos., on Wednesday announced that it has hired the Kansas City-based Direct Reinsurance team ...
A market conduct examination is a formal review by a state insurance department of how an insurer operates in the...
TWIA Sued Over Post-Hurricane Ike Policyholder Costs
A Corpus Christi man is suing the Texas Windstorm Insurance Association (TWIA) for hundreds of millions of dollars because he says it improperly passed on costs to policyholders like him after ...
Reuters: Widow of Former Zurich CFO to Confront Insurer at Annual Meeting
Seven months after the suicide of Zurich Insurance finance chief Pierre Wauthier, his widow is set to confront the company over its handling of the tragedy, reopening a scandal that unsettled ...
Reinsurance Rate Slide Continues at April 1, Pushing Reinsurers to Casualty Risks: Willis Re
A benign catastrophe year in 2013 and an influx of capital are just two reasons behind a drop in reinsurance rates that has continued at April 1, according to the chairman of Willis Re. During a ...
Watford Re Ltd. Completes $1.13B Capital Raise
Watford Holdings Ltd. on Tuesday announced that its wholly owned subsidiary Watford Re Ltd., a newly formed, Bermuda-based multiline reinsurer, has completed a $1.13 billion capital raise. The ...
The Age of the Athlete-Student: NLRB Ruling May Create New Comp Challenges
What do March Madness and workers compensation have in common? At present, not very much. But if a recent ruling by the National Labor Relations Board (NLRB) holds up, comp underwriters and claims ...
Primary D&O Pricing Weaker in Q4 with Hikes Below Prior Quarters: Aon
A divergence in D&O insurance pricing in recent years, which saw carrier competition in excess layers driving overall policy premium drops as primary prices rose, may be starting to disappear, ...