News
U.K. Regulators Watching Impact of Capital Influx on Insurers
British regulators are scrutinizing the impact of the wave of capital from investors such as hedge and pension funds on the insurance industry. "The availability of this additional capital inevitably ...
Government Shutdown Could Trigger Delays in Civil Cases
U.S. Justice Department lawyers from New York to San Francisco are asking judges to delay civil cases as the government partially shuts down, and in Manhattan already won a halt to litigation except ...
When MGAs manage a high volume of insurance submissions, underwriting speed often depends on what happens before an underwriter ever...
Surge in Firms Based in Emerging Markets to Reshape Corporate World: McKinsey
The number of large emerging market companies will surge in coming years and they will become competitors but also customers for rich-country firms, according to a new study. Almost three-quarters of ...
Moody’s Cuts Endurance Specialty Ratings Down to A3
On Wednesday, Moody's Investors Service announced that the rating agency lowered the insurance financial strength ratings of the principal operating subsidiaries of Endurance Specialty Holdings Ltd. ...
Allied World Europe Acquires Renewal Rights to Markel’s Aviation Business
Allied World Europe will acquire the renewal rights to a book of aviation business written by Lloyd's Syndicate 1400 and Markel Europe plc, Allied World and Markel International announced on ...
Meadowbrook Says Surplus Relief Re Deal with Swiss Re No Longer Needed
Meadowbrook Insurance Group, Inc. announced Wednesday that the company and Swiss Re have mutually agreed to terminate a quota-share reinsurance agreement that was put in place late last year. In ...
Paulson, Bloomberg Backing Study of U.S. Climate Impacts
Former U.S. Treasury Secretary Henry Paulson and New York City Mayor Michael Bloomberg are sponsoring a study of how climate change will affect the United States and what that disruption will cost. ...
ACE Recognized for Leadership in Carbon Emissions Reduction
The ACE Group announced Monday that it has earned recognition for leadership in carbon performance by CDP, the world's only global environmental disclosure system. CDP's annual indexes, compiled by ...