News
Puerto Rico, Detroit Investors Buoyed by Bond Insurers’ Rebound
Buyers of debt issued by bankrupt Detroit or junk-rated Puerto Rico are finding it pays to have bond insurance. The backing is even more valuable after upgrades of units of Assured Guaranty Ltd. and ...
2013 Natural Catastrophes Cost $37B in Insured Losses: Swiss Re
Global insured losses from natural catastrophes and man-made disasters totaled $45 billion in 2013, down from $81 billion in 2012, according to the latest sigma study from Swiss Re. Of the 2013 ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
IPCC Japan Meeting Aims for ‘Comprehensive Assessment’ on Climate Change
The Intergovernmental Panel on Climate Change (IPCC) announced that government representatives and scientists opened a five-day meeting Tuesday that aims to "finalize a report assessing the impacts ...Death Toll from Washington Mudslide Expected to Rise
The death toll from a massive mudslide in Washington state is expected to increase as crews continue to search through the soupy, debris-laden field and rainy conditions complicate matters for ...
Lloyd’s Profits for 2013 Near $5.3B
Lloyd's announced a profit of $5.29 billion for 2013, compared to $4.63 billion in 2012. Gross written premium increased to $43.14 billion, and Lloyd's noted that its capital position further ...
Skerlj Becomes Hamilton Re CRO
On Monday, Hamilton Insurance Group, the Bermuda-based holding company for Class 4 property and casualty reinsurer Hamilton Re, announced that Peter Skerlj was promoted to the position of Chief Risk ...
Runoff Specialist Catalina in Deal for SPARTA; Arch to Take ART Renewals
On Wednesday, Catalina Holdings (Bermuda) Ltd ("Catalina") and SPARTA Insurance Holdings, Inc. ("Sparta") announced a definitive agreement under which Catalina will acquire Sparta. Once the deal is ...
Internationalizing China’s Yuan Could Bring ‘Seismic Shift’ to Global Financial Landscape
China realizing its ambitions to internationalize the yuan is likely to be a "seismic event" for global markets, leading to large capital flows and perhaps a new reserve currency, a top Australian ...