Industry News
Reinsurance Use of Alternative Capital Grew 12% in 2015: Aon Report
Alternative capital continues to make its presence felt in the reinsurance market, increasing by 12 percent during 2015 to $72 billion, while traditional capital decreased by 4 percent to $493 ...
Most Insurance M&A Deals Haven’t Improved Financial Strength: S&P
The flurry of insurance mergers and acquisitions that yielded about $150 billion of transactions globally in 2015 may endure even after years of "patchy" results for some companies making deals, ...
Energy Insurance Market Could Contract in Wake of Oil Price Crash
Signs are increasing that fallout from the oil price crash could lead to a contraction of the energy insurance market. Willis Towers Watson asserts in a new report that a "perfect storm" of ...
Kemper’s Q1 Pre-Tax Cat Losses Could Reach $45M
Kemper Corp. disclosed that its pre-tax catastrophe losses will hit between $35 million and $45 million for the 2016 first quarter. What's more, the Chicago-based insurer said it doesn't expect to ...
PIMCO Claims Gross Was Warned About Losing $200M Bonus if He Quit
Bill Gross was warned he would lose his bonus if he quit Pacific Investment Management Co. before the end of the quarter, PIMCO said in a court filing, challenging the central claim in his lawsuit ...
Can Computers Predict When Your Time Is Up? UK Actuaries Fund Big Data Project
Statisticians, computer scientists and medics from the University of East Anglia (UEA) in Norwich, UK are launching a new project to predict how long you will live. They will use big data to predict ...
Liberty International Underwriters Adds Cyber Extortion Endorsement for Food and Beverage Industry
Liberty International Underwriters (LIU) has launched a cyber extortion endorsement for its product recall and contamination policy for food and beverage companies. The new endorsement provides ...
Travelers CEO Schnitzer Urges Congress to Reduce Corporate Taxes
Alan Schnitzer, the new chief executive officer of insurer Travelers Cos., called on U.S. lawmakers to reduce corporate taxes or risk harming business in country. "We continue to see the U.S. ...