Regulation & Compliance
Aon Benfield Cites 2014 as Record for Property Catastrophe Bond Issuance
Total property catastrophe bond issuance for 2014 stood at $8.03 billion as of Dec. 12, a new record for annual insurance-linked securities, Aon Benfield Securities said. That new milestone hit with ...
S&P Rates Berkshire Hathaway Specialty Insurance Co. ‘AA+’ With Stable Outlook
Standard & Poor's has assigned Berkshire Hathaway Specialty Insurance Co. a "AA+" long-term counterparty credit and financial strength rating with a stable outlook. S&P said it views BHSI as ...
Government Policymakers Will Muck Things Up for Insurers in 2015: S&P
As if a sputtering expansion in developing markets wasn't bad enough, government policymakers in the developed world will make things difficult in 2015 for insurers around the world, Standard & ...
Uber Insurer James River Jumps Into Junk-Rated Loans
The insurer that ride-sharing service Uber Technologies Inc. uses to protect drivers and passengers is going public, promoting how it's more willing than competitors to invest in junk-rated loans. ...
AXIS Capital Holdings’ Board O.K.’s New $750M Share Repurchase
AXIS Capital Holdings Ltd. plans to repurchase $750 million in its common shares over the next two years, adding to an already sizable buyback of a few billion dollars worth of shares. The ...
Heard at PCI Meeting: Reserve Covers, Capital Relief Deals Are Growing Trend
They may not be the new black, but references to adverse development covers and capital relief solutions and cropped up more than once in conversations with reinsurance market participants during the ...
Want to Play Rating Agency? There’s an App for That
Rating agency Standard & Poor's announced Wednesday that it is introducing an Insurance Credit Scenario Builder, a new credit tool available on the S&P Ratings iPad App and on the web. ...
Persistent Low Interest Rates Would Push One-Quarter of EU Insurers Below Solvency Ratios
One in four European insurers may struggle to meet promises to policyholders in a prolonged period of low interest rates, the European Union's insurance watchdog said following a stress test of the ...