International
Natural Catastrophes Created $31B in Global Insured Losses Through H1: Swiss Re’s Sigma
Global insured losses from natural catastrophes and man-made disasters during the first half of 2016 reached US$31 billion, or 44 percent of total economic losses of US$71 billion, according to a ...
Beazley Launches Revenue Protection Cover for UK Events Hit by Wet Weather
London-based insurer Beazley has launched "Cancellation Plus" for the event industry in the United Kingdom, offering event organizers revenue protection for reduced ticket sales and concessions when ...
Carl Icahn is Pleased. Can AIG CEO Peter Hancock Exhale Now?
Carl Icahn, who won representation to the board of American International Group Inc. after threatening a proxy battle, said he's warming to the approach of the insurer's chief executive officer. " ...
Reinsurers Risk Profits if Normal Catastrophe Levels Return: S&P
Most global reinsurers have been able to maintain underwriting discipline despite the ongoing soft market, but there is a danger that their profits could be hit if the current benign period of ...
Berkshire Hathaway Specialty Insurance and Tego to Underwrite Medical Indemnity in Australia
Berkshire Hathaway Specialty Insurance and Tego Insurance announced that they will jointly underwrite medical indemnity insurance in Australia. According to a statement from BHSI, the companies are ...
Global P/C Insurance Rate Declines Slowed Again in Q2: Marsh
The state of global insurance rates in the 2016 second quarter is very much a mixed bag. On the one hand, global insurance rates declined for the 13th consecutive quarter. However, this is the second ...
Liberty Mutual Turns to China for Latest Asia Joint Venture
Liberty Mutual Insurance, a longtime player in China, has formed a new joint venture there in a bid to become a major presence in a market dominated by local rivals. The Boston-based insurer said it ...
AIG Will Sell Mortgage Guaranty Unit to Arch Capital for $3.4B
American International Group Inc said on Monday it would sell its mortgage-guaranty unit to Arch Capital Group Ltd for about $3.4 billion. AIG, the largest commercial insurer in the United States and ...