reinsurance News
Insurers Will Pay Unprecedented $135B in Natural Catastrophe Claims for 2017: Munich Re
Insurers will have to pay claims of around $135 billion for 2017, the most ever, following a spate of hurricanes, earthquakes and fires in North America, according to a report published on Thursday. ...
Airbnb Defeats Apartment Complex Lawsuit Concerning Unauthorized Subleases
Airbnb Inc. defeated a lawsuit by Apartment Investment & Management Co., one of the largest residential landlords in the U.S., alleging that the online home-sharing marketplace enables tenants to ...
Widespread Reinsurance Price Hikes Unlikely Even After Record 2017 Catastrophe Losses: Willis Re
The estimated $136 billion in catastrophe loss estimates for 2017 is one for the record books. But resulting, widespread reinsurance price hikes in 2018 aren't likely, Willis Re said in a new report. ...
UK Official Warns EU Can’t ‘Cherry Pick’ Post-Brexit Trade Deal
The European Union can't pick and choose which bits of its economic relationship with Britain it maintains and which it eliminates in any future trade deal, U.K. Brexit Secretary David Davis said, ...
Catastrophe Bond Managers Plan New Launches as They Put Hurricanes Behind Them
Hedge funds and other managers of catastrophe bond funds racked up some of the worst losses in more than a decade from this year's hurricanes and wildfires. But a year that is shaping up to be the ...
Hamilton Finds Buyer for Sportscover Legacy Book
Hamilton Insurance Group has found a buyer for the legacy book the insurer inherited from its purchase of Sportscover Underwriting Ltd. in April 2015. Syndicate 3330 will buy the business from ...
Volante Global Debuting in Early 2018 as Multi-Class International MGA Platform
Volante Global Ltd will launch and commence trading during Q1 2018, subject to Lloyd's coverholder approvals where appropriate. The new multi-class and multi-territory international managing general ...
EU Wants Post-Brexit Trade Deal in Place by January 2021
The European Union expects the U.K.'s post- Brexit transition period to last until the end of 2020 and is aiming for a trade deal to kick in immediately after that, according to a European Commission ...