Industry News
German Regulator Backs Post-Brexit Insurance Contract Fix
European Union and U.K. authorities must agree on a political solution to the threat Brexit poses to trillions of dollars in derivatives and insurance contracts, according to Germany's top financial ...
TransRe Grabs Some U.S. Renewal Rights From Maiden Re, Whose North America Arm Is for Sale
TransRe has acquired the renewal rights to Maiden Re's U.S. treaty reinsurance underwriting business for an undisclosed price, even as talks to sell Maiden's North America arm are in "advanced ...
If You Want a Job, 63 Percent of Insurers Are Looking, Jacobson/Ward Study Found
A majority of insurance companies plan to hire additional employees in 2018, even as the industry's unemployment rate hovers at a record low and the labor market remains extremely competitive, ...
H1 ILS Issuance Reached a Robust and Resilient $7.3B: Swiss Re
Insurance-linked securities continued at a healthy clip during the 2018 first half but failed to reach record levels hit last year, Swiss Re said in its latest report on the matter. H1 2018 ILS ...
October Brexit Deadline May Quietly Go Away
The U.K. and the European Union still say in public they want a Brexit deal wrapped up in the next seven weeks. Behind the scenes, though, senior officials on both sides admit this is unlikely. They ...
Watsa’s Fairfax Financial Donates $1M Toward Flood Recovery/Relief in India
Fairfax Financial Holdings Ltd. said it is donating $1 million toward relief and recovery involving the recent floods in Kerala, India. The donation will be primarily through the Red Cross. Prem ...
Insurers Can Handle Hurricane Lane’s Hawaii Damage: A.M. Best
Hurricane Lane may have caused widespread floods and landslides in Hawaii, but insurers should be equipped to handle any losses, A.M. Best said in a new briefing. The ratings agency said that most ...
Executives On The Move at Allied World, CyberCube and At-Bay
Risk analytics startup CyberCube is bringing on a former Swiss Re executive as part of its board of directors. Allied World promoted one of its rising executives to a position involving Asia Pacific ...