reinsurance News
AXIS Capital’s Q4 Is a Money-Loser; CEO Benchimol Blames Catastrophes, Ogden Rate Change
AXIS Capital Holdings rounded out 2017 with a money-losing quarter, but the Bermuda-based insurer and reinsurer blamed more than just "significant" catastrophe losses. AXIS reported a 2017 fourth ...
Swiss Re in Talks Over a Possible Huge Investment From Japan’s SoftBank
SoftBank Group Corp. is in talks to buy as much as a third of reinsurance giant Swiss Re AG, according to people familiar with the discussions. Swiss Re confirmed the talks and said they are at a ...
Conservative UK Lawmaker Pushes for Harder Brexit, Threatens May’s Leadership
It was appropriate that Jacob Rees-Mogg should have found himself in the middle of another fight. The British Conservative lawmaker has been in the middle of all the important fights lately. ...
Safety National Revamps Executive Team With Focus on New Growth
Safety National Casualty Corp. said that it is revamping much of its executive team in order to help support new growth at the carrier. The Missouri-based company provides coverage in areas including ...
W.R. Berkley Net Income Rises in Q4, but Net Premiums Written, Investment Income Dips
W.R. Berkley Corp. saw its year-over-year net premiums written and investment income dip in the fourth quarter, but net income rose compared to the year before. Net income hit about $155 million for ...
Despite Catastrophe Onslaught, Capital Market Still Bullish for ILS: Willis Towers Watson
The insurance linked securities sector is set for another year of growth as the market recovers from 2017's natural disasters, replaces lost capital and investors show mounting interest in ILS ...
U.S. Tax Cuts Will Test Bermuda’s Insurance/Reinsurance Model: Fitch
The Bermuda insurance/reinsurance model will be tested following U.S. tax forms and the continuing challenges of competitive market conditions, according to a report by Fitch Ratings. The cut in the ...
Natural Catastrophe Economic Losses Hit a Record $353B in 2017: Aon Benfield
Insured losses for last year's 330 natural catastrophes reached $134 billion, or 38 percent of their economic price tag of $353 billion, according to a report published by Impact Forecasting, Aon ...