International
Maiden Holdings’ A.M. Best Financial Strength Rating Dips Below ‘A’
Maiden Holdings is dealing with some A.M. Best ratings downgrades due to concerns about its operating performance. The ratings agency downgraded the long-term issuer credit rating to "bb" from "bb-" ...
Swiss Re Backs Cover of U.S. Solar Power Output Risks
A tool designed as an insurance policy for solar-power generation will be used to manage the risk associated with U.S. residential systems for the first time as part of a financing agreement backing ...
Global Insurance Regulators Delay Applying ‘Too Big to Fail’ Label to Carriers
Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American ...
Executives On The Move at Liberty Mutual, Hamilton Re and Willis Towers Watson
Liberty Mutual Insurance appointed four executives who will beef up the technology capabilities of its chief information officer. Hamilton Re hired away a Hiscox Re executive to fill a newly created ...
J&J Cleared of Talc Cancer Liability in California Jury Trial
A California jury on Wednesday cleared Johnson & Johnson of liability in a case involving a woman who alleged that the company's talc-based products, including its baby powder, contain asbestos ...
UK Cabinet Backs May’s Brexit Plan; Divisions Remain
After more than five hours of being locked away with her Cabinet, Prime Minister Theresa May emerged from her office and in less than five minutes announced she'd wrested their backing for her Brexit ...
With an Eye on Avoiding Financial-Market Chaos, EU Unveils No-Deal Brexit Plans
The European Union pledged to allow U.K. financial infrastructure firms such as London Stock Exchange Group Plc's clearing unit to continue serving the bloc in the event of a no-deal Brexit. The ...
SCOR Forces Resignation of Covéa CEO From Board Following Spurned Takeover Bid
French reinsurer SCOR forced one of its board members — Thierry Derez, the CEO of Covéa — to resign this week. It was the culmination of a boardroom squabble that began in September when SCOR ...