U.S.
RenaissanceRe Expands Global Re Operations By Launching U.S. Platform
RenaissanceRe Holdings Ltd. announced the formation of RenaissanceRe Underwriting Managers U.S. LLC, a specialty reinsurance agency based in Connecticut, on Thursday. The agency will support the ...
Commercial Lines Rate Increases Slowed in Q2: The Council
Commercial property/casualty pricing continued to gently creep upwards in the second quarter, however signs of some moderating of increases also surfaced. The Council of Insurance Agents & ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
ACE CEO Greenberg Cautions on Wall Street Draining Reinsurance Pond
ACE Limited Chief Executive Officer Evan Greenberg said the influx of Wall Street capital into the reinsurance industry is pressuring rates and that he is prepared to cut sales of backstop coverage. ...New York Widens Probe Into Insurers’ Compliance with Iran Sanctions
Zurich Insurance Group AG is among companies being questioned by New York's insurance regulator in a widening investigation into compliance with a law imposing sanctions against Iran, a person ...
First-Half Insured Disaster Losses $20B Globally: Impact Forecasting
Insured losses from natural disasters around the globe reached $20 billion in the first six months of 2013, but still fell 20 percent below last year's first-half figure of $25 billion, according to ...
ACE Promotes Talbott to President of North American Property, Specialty Lines
The ACE Group promoted Derek Talbott to division president, North America Property & Specialty Lines. Talbott succeeds Paul McNamee, who has been named deputy president of ACE's Asia Pacific ...
Deal Drought Raises The Pressure On Private Equity
Buyout firms have a record level of expiring funds this year, raising the prospect that many will have to ask investors for more time to do deals or not use the money at all. Advisory firm Triago ...Vitamin Water Lawsuit To Proceed As Class Action
A judge on Thursday recommended that a case challenging the claims on popular Vitamin water drinks as misleading move forward as a class-action lawsuit. Attorneys representing the health-advocacy ...