Industry News
Canopius Names Pratten to New Role of Chief Investment Officer
Canopius Group Limited announced Tuesday that the group as appointed Michael Pratten to the newly created role of Chief Investment Officer. Pratten will report to Group Chief Financial Officer, Paul ...
SCOR’s Kessler is 2014 Insurance Hall of Fame Inductee, IIS Says
The International Insurance Society (IIS) has announced Denis Kessler, chairman and CEO of SCOR, as the 2014 Insurance Hall of Fame inductee. The Insurance Hall of Fame award honors insurance leaders ...
You are shopping for a new refrigerator. How do you choose? One is the right size from a durable brand...
AmTrust Gets Approval for Tower Cut-Through
AmTrust Financial Services, Inc. announced Tuesday that regulators approved an agreement between a subsidiary and several subsidiaries of Tower Group International, Ltd. Under the approved agreement, ...
Expect Nothing ‘Radical’ in 2014 for Reinsurance Prices: Allianz Re CEO
Property and casualty reinsurance rates, which fell in seven of the last 10 years, probably won't rebound in 2014, the head of Allianz SE's reinsurance arm said. "Last year's catastrophe activity was ...
New York AG Bureau to Target Financial Industry Crimes
New York Attorney General Eric Schneiderman has created a new bureau to prosecute large-scale financial crimes. The newly formed Criminal Enforcement and Financial Crimes Bureau will "ferret out the ...
P/C Insurance Execs Expect TRIA Renewal, But Split on Workers Comp Profits
While more than 90 percent of property/casualty insurance industry executives say they expect renewal of the Terrorism Risk Insurance Act, the jury is out on whether commercial lines profits will ...
Northridge Earthquake Today Could Cost Insurers $20B: RMS
An earthquake like 1994's Northridge, California quake could cause $20 billion in insured losses today, catastrophe modeling firm RMS said last week. RMS made the announcement on Friday, Jan. 17, ...
BMA Stats Show Bermuda Insurer Registrations Jumping Over 70% in 2013
According to the Bermuda Monetary Authority, Bermuda registered 91 new insurance companies in 2013, with the figure representing a 72 percent jump over the 53 firms registered in 2012. The new ...