News
Appeals Court to Fast-Track BP’s Bid to Halt Gulf Oil Spill Payments
BP Plc's bid to block economic-loss payments tied to the 2010 Gulf of Mexico oil spill unless the claims can be directly linked to the disaster won fast-track consideration by an appeals court. The ...
N.J. Senator Pushes Delay to Flood Insurance Hikes
Peggy Molloy is not a millionaire. In fact, she's afraid she may soon have to stop paying the mortgage on her home at the Jersey shore and walk away from it. The Point Pleasant woman lives in an area ...
ProAssurance Closes Eastern Insurance Deal
Medical professional liability insurer ProAssurance has completed its $205 million acquisition of Eastern Insurance Holdings Inc. ProAssurance Corp. is paying $24.50 per share for Eastern, a workers' ...
AmTrust Completes Deal for Surety Writer Insco Dico
AmTrust Financial Services, Inc. announced Friday that it received final regulatory approval for a California-based surety writer, The Insco Dico Group, and completed the $88.7 million acquisition. ...
Fitch Drops Tower Group Rating Another Notch to ‘B’ as RBC Ratios Fall
Fitch Ratings announced Thursday that it downgraded the insurer financial strength ratings of the operating subsidiaries of Tower Group International, Ltd.'s to "B" from "BB." In October 2013, ...
Buffett’s Berkshire Likely Missing Target for First Time in Four Decades
Warren Buffett probably missed his target for the first time in 44 years. Berkshire Hathaway Inc., his $292 billion company, is poised to report that it failed to increase net worth more rapidly than ...
Third Point Reinsurance Ltd. Appoints Parkin as New Audit Committee Chairman
Third Point Reinsurance Ltd. announced Thursday that it has appointed Mark Parkin as the Chairman of its Audit Committee. Parkin was appointed to the Company's Board of Directors on Nov. 5, 2013 and ...
Swiss Re Takes Hit in Trading As Reinsurance Prices Fall
Swiss Re Ltd., the world's second-biggest reinsurer, fell the most in six months in Zurich trading after Willis Re said reinsurance prices slid by as much as 25 percent in the Jan. 1 renewals round. ...