Industry News
British Insurers to Invest $41B in Infrastructure
The U.K.'s largest insurance companies will invest 25 billion pounds ($41 billion) in infrastructure, the government announced as it prepares to publish new plans for projects from energy and ...
Fitch Predicts Double-Digit Cuts in January U.S. Cat Re Prices
The quietest U.S. Atlantic hurricane season in decades will lead to a low double-digit fall in related catastrophe reinsurance pricing in the key 2014 renewals, Fitch Ratings says. Noting that the ...
Greece, BlackBerry: ‘Cautious’ Bets for Fairfax Financial’s Watsa
Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are part of a "cautious" strategy he employs to manage Fairfax Financial's $23.3 ...
In Cost Cutting Move, Zurich Insurance Lays Off 53 in Middle East
Zurich Insurance Group AG, Switzerland's biggest insurer, fired 53 people across its general insurance operations in the Middle East as part of cost- cutting plans. "Fifty-three people were made ...
Insurers Rank Top 10 Extreme Risks; Global Pandemic is No. 1
Global insurance industry executives rank global pandemic, large-scale natural catastrophe and a food/water/energy crisis as the three most important extreme risks for the industry to worry about in ...
That ’70s Show: Obamacare Takes Federal Black Lung Claims Back in Time
Tucked into amendments to the Patient Protection and Affordable Care Act (PPACA) are two unexpected provisions that put casualty insurance carriers on the hook to pay Black Lung benefits on claims ...
Allstate Launches Program to Focus on Minority-Controlled Asset Managers
The Allstate Corporation announced Tuesday that the company is launching its first emerging manager program to invest with smaller private equity and private real estate equity asset managers, with a ...Imperial Management Corporation Completes Acquisition
Louisiana based, Imperial Management Corporation (IMC) and Southport Lane, LP announced Tuesday that IMC has obtained all required regulatory approvals and closed its previously announced acquisition ...