News
Lloyd’s Profit Dips Due to Investment Slump
The Lloyd's of London insurance market posted a decline in headline first-half profit after falling bond prices hit investment returns, offsetting robust trading by its members. In a trading ...
AIG Sells $1 Billion of 10-Year Bonds as Corporate Yields Drop
American International Group Inc., the insurer that paid back a $182.3 billion bailout package last year, sold $1 billion of 10-year notes as corporate bond yields fell to a six-week low. The New ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
AXIS Expands Its Global Underwriting Platform with New Lloyd’s Syndicate
AXIS Capital Holdings Ltd. today announced the expansion of its global underwriting platform, facilitated through the establishment of a new syndicate that will provide access to Lloyd's worldwide ...
Donelon: Fewer Customers Have Citizens Insurance
Louisiana Insurance Commissioner Jim Donelon says the state-run insurer of last resort has its lowest number of customers since Hurricane Katrina struck Louisiana eight years ago. Donelon says the ...
Legislators Look into Questionable Insurance Deal
The head of Florida's largest property insurer defended on Tuesday a controversial deal to pay millions to a startup insurance company that made campaign donations to Gov. Rick Scott. But Barry ...
A.M. Best Upgrades AXIS Capital Holdings to A+
A.M. Best Co. has upgraded the financial strength rating of AXIS Specialty Ltd. and its operating affiliates to "A+" (Superior) from "A" (Excellent) and its issuer credit ratings to "aa-" from "a+". ...
U.S. Developing ‘Richter Scale’ for Wildfires
U.S. researchers have been working on a system to measure and predict the destructiveness of wildfires—similar to the way officials use the magnitude scale for earthquakes and other tools to rate ...
Berkshire Seen as Just One More Competitor to E&S Execs
Despite Berkshire-Hathaway's entrance into specialty insurance business, standard markets are still the players most capable of changing the dynamics of the surplus lines market, executives said ...