Industry News
Tokio Marine’s Houston Casualty Gets Upgrade to A++ from A.M. Best
A.M. Best announced last week that it upgraded the financial strength ratings of the property/casualty members of Houston Casualty Group and of HCC Life Insurance Company to the rating agency's ...
Behind the Battle Over Loss Sensitive Workers Comp Plans: Small Biz vs. Berkshire’s Applied
David Miller is a stickler for safety at the Goodwill stores he runs in central California. So when Applied Underwriters offered his nonprofit a deal on insurance for workplace accidents if he could ...
Double-Digit Drop in Q3 Profit for Insurance Ops at Buffett’s Berkshire
Berkshire Hathaway reported a 10.5 percent drop in operating profit for its insurance and reinsurance operations during the third quarter, with underwriting income falling 34 percent. While General ...
Election Uncertainties Prompt Fairfax’s Watsa to Dump U.S. Treasuries
Fairfax Financial Holdings Ltd., the Canadian holding company run by value investor Prem Watsa, sold almost all of its long-dated U.S. Treasuries amid global uncertainty, including the outcome of the ...
Aspen CEO Opinion: Blue Marble Launches in White Space
According to the World Bank, 12.7 percent of the population earns below $1.90 per day. This segment of the population is underserved and it has been estimated that insurance coverage could extend to ...
$50M NBCR Terror Coverage Available from Lloyd’s Consortium
Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings, Ltd., announced the launch of a Lloyd's led consortium for nuclear, biological, chemical and radiological (NBCR) terrorism. ...
Struggling Greenlight Capital Re Hit With A.M. Best Ratings Downgrades
Greenlight Reinsurance Ltd. has been seeking to improve underwriting results after months of losses. But it apparently hasn't moved fast enough for A.M. Best, which slapped it with credit ratings ...
Allstate’s Catastrophe Losses Climb 78 Percent
Catastrophe losses climbed 78 percent for Allstate in its 2016 third quarter, a trend that led to a double-digit drop in net income and higher losses for Esurance, its online auto and home insurance ...