U.S.
25 Reinsurers Join $1B NFIP Reinsurance Program
The federal government's National Flood Insurance Program has secured more than $1 billion in reinsurance from 25 global reinsurers to help it weather major storms. Participating reinsurers include ...
Reinsurers Can Expect Another Difficult Year: Willis Re
Despite a 50 percent increase in insured losses from natural catastrophes during 2016, the global reinsurance industry achieved profitable results for the third quarter and remains on track to close ...
Enstar Eyes Asbestos Liability Insurance Rights With $91.5M Dana Companies Acquisition
Enstar is beginning 2017 with news it is acquiring a non-insurance entity. The Bermuda-based insurance group disclosed that its Enstar Holdings arm is snatching up Dana Companies for $91.5 million. ...
Tesla Owner Sues Carmaker, Alleging Sudden Acceleration Caused Home Damage and Injury
Tesla Motors Inc was sued on Friday by a Model X owner who said his electric SUV suddenly accelerated while being parked, causing it to crash through the garage into the owner's living room, injuring ...
Wells Fargo Settles Racial Bias Broker Lawsuit
Wells Fargo & Co. settled a dispute with a group of black brokers claiming the bank failed to give them the same career opportunities as their white colleagues. The bank will pay $35 million to ...
AIG Completes $3.4B Sale of Mortgage Guaranty Unit to Arch Capital
American International Group said it has completed the $3.4 billion sale of its mortgage-guaranty unit to Arch Capital Group, an important piece of a wide-ranging, ongoing plan to cut jobs, ...
The Hartford, National Indemnity Ink $1.5B Reinsurance Deal Covering Asbestos/Environmental Liability Reserves
The Hartford said it has sealed a sizable reinsurance agreement covering some asbestos and environmental liability reserves with Berkshire Hathaway subsidiary National Indemnity Company. Plans call ...
Carrier Management’s Top 10 2016 Features: Leadership, Disruption and More
Today's Carrier Management newsletter is the first of 2017. But before we look ahead, here's a look back at our top 10 features of 2016. These stories feature CEOs and executives giving invaluable ...