News
Overcapacity Pushing Re Prices Down; Terms and Conditions Soft: Willis Re
Soft market reinsurance conditions are no longer unique to property-catastrophe business, Willis Re said yesterday, pointing to overcapacity as the key driver of Jan. 1, 2014 rates down on most ...
Bermuda Monetary Authority Appoints Gibbs as Director, Supervision (Insurance)
The Bermuda Monetary Authority announced the appointment of Andrew Gibbs to the position of Director, Supervision (Insurance) on Thursday. Reporting to Craig Swan, Managing Director, Supervision, ...
200-Plus Startups Launched in Ride-Sharing, Handbag-Borrowing Revival
Rayshauna Gray makes frequent trips around New England from her home in Cambridge, Massachusetts. The 27-year-old doesn't own a car and says she can't imagine ever wanting to. It takes two minutes ...
Fastest Growing E&S Carriers in Top 30 Revealed: Fitch Report
In a year-end report on the U.S. excess and surplus lines market, data compiled by Fitch Ratings revealed that the top growing E&S writers in recent years were not necessarily the biggest. The ...
Florida Flood Policy to be Offered in Six Additional States
A Florida insurance agency that stepped forward last month to offer a private market stand-alone flood coverage policy in Florida has started marketing the policy in six other states. The ...
NYC Sues FedEx for Illegally Shipping Cigarettes to Homes
New York City has sued FedEx Corp, accusing it of illegally delivering millions of contraband cigarettes to people's homes and seeking $52 million in fines and unpaid taxes. The lawsuit, filed in ...
Google Chair Says Missing Social Networks Was Biggest Mistake
Google Inc. Executive Chairman Eric Schmidt said missing the rise of social media was the biggest mistake he made at the world's largest search-engine operator. "In our defense, we were busy working ...
Tower Group International Director Resigns
In an 8-K filing on Dec. 31, Tower Group International reported that William W. Fox, Jr., a member of the Board of Directors, notified the chairman of the board of his resignation from the Board ...