International
The Latest Launches from Everest Re, Starr Companies and Willis Towers Watson
Everest Re Group is getting into the credit and political risk coverage business. Starr Companies added new services to its cyber terror response insurance. Willis Towers Watson unveiled a ...
VW U.S. Emissions Scandal Deal to Cost at Least $10B
Volkswagen AG agreed to fix or buy back about 500,000 tainted cars in the U.S., taking a significant step forward in its effort to emerge from the emissions-cheating scandal. After months of ...
XL Catlin Attracts Former Zurich Exec to New Leadership Role
XL Catlin hired a former high-level Zurich Insurance executive to fill a new role at the company. Dan Riordan will be president, Global Political Risk & Trade Credit. Most recently, he was CEO of ...
Japan Kumamoto Quakes Caused Billions of Dollars in Economic and Insured Losses
The estimates are early, but economic and insurance losses stemming from the earthquakes that struck Japan on April 14-15 are already in the billions of dollars and rising. Catastrophe modeling firm ...
Insurers Could Gain from Learning More About ‘Cat Bond Lite’
"Cat bond lite" transactions are enjoying a big growth spurt, and a new industry report said insurers and reinsurers stand to gain by becoming more familiar with how they work. "The rapid growth in ...
Willis, Aon and Verisk Agree: Q1 Cat Bonds Hit Record Issuance
There's more evidence that catastrophe bond issuance hit record territory again during Q1. This time, Aon Securities and a division of Willis Towers Watson are making the call, after a Verisk arm did ...
VW Stock Surges as Investors Expect U.S. Emissions Settlement
Volkswagen AG rose to a six-week high after the manufacturer said it expects no need for a U.S. trial in mid-2016 over damages related to rigging diesel-engine control software to dupe emission ...
Allied World’s Investment Income, Combined Ratio Spiked Higher in Q1
First, the good news about Allied World's 2016 first quarter: investment income grew by nearly 20 percent. Many other things for Allied World Assurance Company Holdings AG, however, were on a ...