Industry News
Reinsurance Rates Continue Their Tumble at June 1 Renewals
Reinsurance rates fell for the sixth consecutive year at the June 1, 2017 renewals, according to a market commentary published by JLT Re. JLT Re cited its Risk-Adjusted Florida Property-Catastrophe ...
Executives On The Move at CNA, XL Catlin and Everest
CNA appointed a new general counsel. XL Catlin hired a new underwriter to support an expanded effort in the U.S. Everest Re Group grew its risk management underwriting team in the Midwest. *** CNA ...
Sompo International (Formerly Endurance) Will Grab Novae’s Financial Institutions’ Renewal Rights
Sompo International said its London market insurance platform will acquire Novae Syndicate Ltd.'s financial institutions renewal rights. Neither side is disclosing a specific purchase price. Through ...
Liability Insurance Law Restatement Approval Delayed: What It Means
It had been expected by many that after seven years of arduous work, the American Law Institute's "Restatement of the Law, Liability Insurance" would be approved late last month at the Institute's ...
What Warren Buffett Said About AI
There will be labor force "roadkill" that comes alongside the substantial benefits that society derives from the rising use of artificial intelligence, Berkshire Hathaway's Chairman Warren Buffett ...
Cyber Attacks From Governments or Criminals Are Hard to Distinguish
Veteran espionage researcher Jon DiMaggio was hot on the trail three months ago of what on the face of it looked like a menacing new industrial espionage attack by Russian cyber spies. All the ...
Berkshire Hathaway’s Gen Re Helps Launch Innovation/Technology Collaborative in Germany
Berkshire Hathaway's Gen Re is among insurers who recently helped found InsurLab Germany, a collaborative designed to foster new technologies and innovation in the industry. The initiative formally ...
Greenlight Capital Re Brings on Ex-SAC Re CEO Burton as New Leader
Greenlight Capital Re tapped a veteran Bermuda reinsurance executive as its new chief executive officer. Simon Burton is slated to become CEO of the hedge fund/specialist reinsurer as of July 1, 2017 ...