News
Canadian Insurers Pay Record C$3.2 Billion in Weather Claims
Canadian insurance companies paid a record C$3.2 billion ($2.9 billion) to claimants last year as the country coped with weather-related disasters, an industry group said. The ice storm in December ...
TRIPRA Uncertainty Already Pushing Workers Comp Rates Up, Marsh Says
Without disclosing the magnitude of rate changes they may be facing, Marsh reported Tuesday that employers with large concentrations of employees are experience workers compensation rate hikes and ...
Canopius Names Pratten to New Role of Chief Investment Officer
Canopius Group Limited announced Tuesday that the group as appointed Michael Pratten to the newly created role of Chief Investment Officer. Pratten will report to Group Chief Financial Officer, Paul ...
SCOR’s Kessler is 2014 Insurance Hall of Fame Inductee, IIS Says
The International Insurance Society (IIS) has announced Denis Kessler, chairman and CEO of SCOR, as the 2014 Insurance Hall of Fame inductee. The Insurance Hall of Fame award honors insurance leaders ...
Latest New Zealand Quake Adds to Growing List in Region, AIR Says
Reporting on the latest earthquake to strike New Zealand earlier this week, catastrophe modeling firm AIR Worldwide said the magnitude 6.2 quake was one of many to shake the region over the years. ...
AmTrust Gets Approval for Tower Cut-Through
AmTrust Financial Services, Inc. announced Tuesday that regulators approved an agreement between a subsidiary and several subsidiaries of Tower Group International, Ltd. Under the approved agreement, ...
Expect Nothing ‘Radical’ in 2014 for Reinsurance Prices: Allianz Re CEO
Property and casualty reinsurance rates, which fell in seven of the last 10 years, probably won't rebound in 2014, the head of Allianz SE's reinsurance arm said. "Last year's catastrophe activity was ...
New York AG Bureau to Target Financial Industry Crimes
New York Attorney General Eric Schneiderman has created a new bureau to prosecute large-scale financial crimes. The newly formed Criminal Enforcement and Financial Crimes Bureau will "ferret out the ...