News
Old Mutual to Expand Products in Kenya As Sales Expected to Surge
Old Mutual Plc, the U.K.'s third- largest insurer by market value, expects to sell more life- insurance products and begin offering general coverage in Kenya, where premium income is expected to ...
Is Third-Party Capital Wave Overshadowing Re Market? A.M. Best Weighs In
Although the true reinsurance appetite of third-party capital may not be as big as recent industry headlines suggest, the likely result of the actual influx, when combined with existing capital, will ...
July Hailstorms in Germany Could Cost $2B: AIR Worldwide
Losses for the severe hailstorms that hit Germany in late July are estimated to be as high as $2 billion, making it one of the 10 costliest natural disasters in German history, according to ...
Levinson Leaves Argo to Join IFG Wholesale Insurance Group as New Group President
International Financial Group, Inc. announced Monday that Louis D. Levinson will be joining its Wholesale Insurance Group, IFGW, as its President after the expiration of a non-compete period relating ...
Zurich Mourns the Death of Group CFO Wauthier
Zurich Insurance Group released a statement saying that the company is in mourning following the death of its Group CFO, Pierre Wauthier, whose body was found at his home on Monday morning. The ...
Travelers to Exit Flood Insurance Write-Your-Own Program
The Travelers Companies said it plans to discontinue its participation as a Write-Your-Own (WYO) company in the National Flood Insurance Program. Travelers is selling its WYO policy renewal rights ...
Nasdaq Shutdown Forces SEC’s White Into Fight With Market Perils
A three-hour shutdown of the Nasdaq Stock Market marks the first test of Securities and Exchange Commission Chairman Mary Jo White's ability to push through stronger technology safeguards for ...Meadowbrook Receives Waiver for Covenants, Will Pay Dividend
Meadowbrook Insurance Group Inc., the insurer that had its rating cut this month by A.M. Best, said it received a waiver from lenders after violating two financial covenants. The waiver is effective ...