U.S.
Bugs and Hurricanes Could Crush Florida Citrus Groves
After a disease-spreading bug wreaked havoc on Florida citrus groves this year, growers like Maury Boyd are seeing a new threat from the weatherman that would mean "pure hell" for orange-juice ...
Aon: Storms Packed a Wallop in May Despite Tornado Lull
In May, severe global weather left insurers with mixed data to mull over. While U.S. tornado activity for the month remained in the bottom 25th percentile dating back to the 1950s, major weather ...
Cat Bonds, Emerging Risks and More at S&P’s Annual Insurance Gathering
Cat bond issuances are hitting record levels, leaving the industry with questions about how long alternative capital will keep pouring into the reinsurance market. That idea emerged during the ...
UPC to Take Over Policies of Florida’s Insolvent Sunshine State
Florida regulators have taken over an insolvent domestic residential property insurer, but a deal is in the works for another private company to assume the insurer's 37,000 policies. A Leon County ...
Berkshire Hathaway’s General Re Chooses Asset Management Head
General Re, a unit of Warren Buffett's Berkshire Hathaway Inc., promoted Bill Rotatori to chief executive officer of its asset management unit that oversees $63 billion for clients including ...
U.S. Treasury Vet is AIA’s New Federal Affairs Chief Counsel
A veteran of the U.S. Department of Treasury will be the American Insurance Association's new chief counsel for federal affairs. The AIA disclosed this week that Amanda Greenwold Wise has been named ...
Reinsurers Are Ripe For M&A: Nomura
The reinsurance market is ripe for consolidation because the sector continues to soften, with alternative capacity in at least one area set to double over the next few years, a Nomura Equity Research ...
Bipartisan TRIA Renewal Bill Advances Out of Senate Committee
The effort to renew the Terrorism Risk Insurance Act, or TRIA, moved forward on June 3 as a bipartisan bill advanced out of the Senate Banking Committee with a few amendments attached intended to ...