Risk & Capital Management
AIG Again Dips into ILS Financing for Mortgage Insurance Arm
AIG has nailed down nearly $300 million of indemnity reinsurance coverage for its mortgage insurance business, expanding on its initial use of ILS financing for the division nearly a year ago. The ...
AIG, Burned by Hedge Fund Losses, Will Redeem $4.1B of Those Holdings
American International Group Inc., the insurer burned by losses on hedge funds, has submitted notices of redemption for $4.1 billion of those holdings through the end of the first quarter. "As of ...
Travelers Shares Plunge as Q1 Profit Drops 17 Percent
Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, said first-quarter profit slipped 17 percent as catastrophe costs climbed and investment income dropped on ...
Allianz Will Unload South Korea Life Operations onto China’s Anbang Insurance
Anbang Insurance Group Co., which walked away from a bid to acquire Starwood Hotels & Resorts Worldwide Inc. last week, has agreed to buy Allianz SE's operations in South Korea. The Chinese ...
Cat Bond Q1 Issuance Hit $2B, a New Record
Catastrophe bond issuance hit $2 billion during the first three months of 2016, making it the most active first quarter in market history, according to the latest report from the Property Claim ...
Aon Benfield Readies Launch of Global Reinsurer Trading Platform
Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, will launch a global reinsurer trading platform on April 11. Available for use with the July 1 renewals, ABConnect ...
Reinsurance Use of Alternative Capital Grew 12% in 2015: Aon Report
Alternative capital continues to make its presence felt in the reinsurance market, increasing by 12 percent during 2015 to $72 billion, while traditional capital decreased by 4 percent to $493 ...
Cyber Risk and Low Interest Rates are Top Insurer Worries: A.M. Best
Cyber risk has emerged as a top insurance industry concern, though the low interest rate environment remains as a significant worry, A.M. Best found in a new report. Thirty-one percent of respondents ...