News
U.S. Reinsurance Sector’s Profit Jumps 32% to $4.8B for 2013 First Half
The Reinsurance Association of America (RAA)'s latest survey shows a group of 18 U.S. property/casualty reinsurers posted $4.8 billion net income in aggregate for the first six months of 2013—an ...
Re Market ‘Past Convergence’ With Capital Over Half-A-Trillion
Global reinsurer capital, which had reached a peak of $515 billion at the end of first-quarter 2013, still stood above the half-trillion mark at June 30, dropping slightly to $510 billion, according ...
The Geneva Association Launches New Brand
After 40 years of making its mark on the insurance industry with research and analysis for industry leaders, international insurance think tank The Geneva Association has today adopted a new brand ...
Lloyd’s Chairman Nelson: Investment Boom Puts Insurance At Risk
A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, a top official has warned. Billions of dollars from ...
American Family Insurance Expands Direct Channel; Acquiring Homesite Group for $616M
In a move it says will complement its strong agency distribution system, Madison, Wis.-based American Family Insurance announced Thursday that the carrier has agreed to acquire direct homeowners ...
Chinese Insurers Have $14 Billion to Buy Overseas Real Estate
Chinese insurers could spend about $14.4 billion on overseas commercial real estate, aided by a stronger local currency and easier regulations amid a limited supply of prime properties at home, CBRE ...
Reinsurers Could Face Pressure to Lower Rates Amid Capital Oversupply
Munich Re and Swiss Re Ltd. are among reinsurers likely to face further pressure to lower the rates they charge clients as the capital available for backing policies remains near a record high, ...
Marsh Urges Carriers to End Cyber Clause Stalemate For Energy Firms
Continuing uncertainty surrounding the application of cyber-exclusion clauses is eroding the value of insurance and causing mounting concern among global energy firms, according to Marsh's latest ...