News
Everest Re Preps Close On Its 1st Catastrophe Bonds
In spite of a challenging market, Everest Re Group Ltd. demonstrated resiliency and a willingness to adapt, recording increased premiums in the first-quarter of 2014. The Bermuda holding company also ...
Allied World Reports Record Underwriting Income
Allied World Assurance Co. Holdings reported an 11.4 percent jump in net income during the 2014 first quarter, as the overall combined ratio for the company fell just below 80. Scott Carmilani, ...
Powerful Quake Strikes off Coast of Vancouver Island: AIR
The magnitude 6.6 earthquake that struck off the coast of Canada's Vancouver Island Wednesday is not expected to cause significant damage, but AIR Worldwide says a more powerful quake in the area ...
Q1 Return for ‘Independent’ Aspen Nears 15%; Full-Year Target 10%
Aspen Insurance Holdings reported an annualized operating return-on-equity of 14.8 percent for the first quarter on Thursday, also giving double-digit forecasts for future years—targets which its ...
Zurich Gives $3M Grant to Nonprofit Helping with Disaster Recovery
On Wednesday, Zurich Insurance Group announced that its Z Zurich Foundation is giving a $3 million grant to St. Bernard Project (SBP), a nonprofit organization dedicated to helping disaster-impacted ...
W.R. Berkley Excels in Q1 Save for Global Re Numbers
For W.R. Berkley Corp., sobering results from its global reinsurance division were a blemish on an otherwise successful 2014 first quarter, during which the Greenwich, Conn.-based company enjoyed ...
XL Group Opening Re Office in Dubai
XL Group's reinsurance segment is setting up new operations in Dubai, UAE, to serve the MENA market, XL announced Wednesday. The Dubai operation will serve as a regional hub. XL also announced the ...
QBE North America Appoints Gonzalez as Chief Legal Officer
QBE North America announced the appointment of Jose Ramon Gonzalez as its new chief legal officer. Gonzalez will provide expert guidance and oversight of the organization's complex legal, regulatory ...