News
Montpelier Re Launches Montpelier Risk Institute; Scientists, Insurance Experts Collaborating
Montpelier Reinsurance Ltd. announced the launch of the Montpelier Risk Institute (MRI) on Sunday, explaining that the virtual risk institute that will leverage the complementary capabilities of ...
G20 Regulators Commit to Completing Financial Reforms
World leaders renewed their determination on Friday to work more closely and regulate across the financial system to avoid conflicting rules that would crimp economic growth. The Group of 20 nations ...Munich Re Forecasts Stable Reinsurance Rates for January Renewals
Munich Re, the world's biggest reinsurer, said it expects stable rates for its property and casualty reinsurance at January price negotiations. "Prices will remain largely stable, chiefly due to the ...
Global Insurance M&A Activity at Four-Year Low: Clyde & Co.
Global merger and acquisition activity among insurers dropped 29 percent in the year through June as falling pricing and lower investment returns tempered demand, according to law firm Clyde & ...
Reinsurance Rendez-Vous Gets Underway in Monte Carlo
The 57th Reinsurance Rendez-Vous in Monte Carlo, which begins with registration on Saturday, promises to be somewhat less stressful than many previous Monaco gatherings. A mass of warm air, combined ...Guy Carpenter Appoints Former Towers Watson Exec as Co-Chair of Its Mutual Co. Specialty Practice
Guy Carpenter on Friday announced that John P. "Jay" Woods III has joined the firm as co-chairman of the recently formed Mutual Company Specialty Practice. Woods joins Guy Carpenter from Towers ...
Report: Tsunami Would Swamp California’s Economy
If a monster earthquake struck off Alaska's coast, tsunami waves would rush toward California, crippling the nation's busiest port complex and flooding coastal communities, a report released ...
KKR Buying Insurance Claims Firm Mitchell in $1B Deal
KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, agreed to buy Mitchell International Inc., the first buyout by the firm's technology group since the head of the team ...