International
Hamilton Opens New London Offices for Lloyd’s Operations
Bermuda-based Hamilton Insurance Group is opening new offices in London to support its growth in the Lloyd's market. In April 2015, Hamilton acquired a niche sports underwriting managing agency, ...
AmTrust Completes $55M Purchase of Genworth Financial’s Mortgage Insurance Division
AmTrust Financial Services has concluded yet another acquisition, this time in the mortgage insurance realm. The New York City-based multinational insurance company recently completed its purchase of ...
Allianz Asset-Management Profit Plunges 17 Percent Due to PIMCO Struggles
Allianz SE's asset-management unit, struggling to contain outflows at Pacific Investment Management Co. over the past three years, reported a 17 percent decline in first-quarter earnings as outflows ...
Unlike Buffett, S&P Sees ‘Considerable’ Climate Change Impact for Insurers
While the overall impact of climate change on the insurance industry is difficult to quantify, the multilayered effects of regulation, reputation and litigation will be "considerable" over the long ...
Munich Re Shares Dip Due to Equity Investment Losses, Restructuring Charges
Munich Re, the world's second-biggest reinsurer, revised its full-year profit target to include restructuring charges at its primary insurance unit and losses on equity investments that hit ...
AIG Again Dips into ILS Financing for Mortgage Insurance Arm
AIG has nailed down nearly $300 million of indemnity reinsurance coverage for its mortgage insurance business, expanding on its initial use of ILS financing for the division nearly a year ago. The ...
Expect Wide Global Adoption of Telematics-Based Auto Insurance: Study
Global use of usage-based auto insurance will explode in the next 7 years, a new industry analysis asserts. IHS Inc.'s IHS Automotive said that 142 million customers will sign up globally for the ...
Insurers Will Both Suffer and Endure in Wake of Alberta Wildfires: Ratings Reports
While the wildfires raging through northern Alberta and the city of Fort McMurray could bring one of the largest catastrophe losses in Canadian history, property insurers are resilient, according to ...