Risk & Capital Management
Alternative Capital Now 20% of Cat Re Total: Aon Benfield
We've heard for a while now that alternative capital is increasing its share of the overall catastrophe reinsurance market. Aon Benfield Securities estimates its stake has now reached 20 percent of ...
Florida’s Reborn Home Insurance Market Unproven in Major Hurricane
As Florida seeks to revive its private home insurance market after almost a decade without a hurricane, homeowners are pouring $6 billion a year in premiums into a new generation of small, in-state ...
To Succeed, Detroit’s Deal with Syncora Needs Backing From Other Creditors
The fate of Detroit's watershed settlement with Syncora Guarantee Inc. may hinge on whether the bond insurer can win concessions from other creditors, including Bank of America Corp. and retired city ...
13 Years After 9/11, a Call to Renew TRIA
Thirteen years after the 9/11 terrorist attacks, the insurance industry and business they cover are restating their call to Congress to renew a law establishing federal reinsurance coverage to help ...
Canopius Unveils U.S. Property Re Expansion Push
Canopius Group Ltd., a global specialty reinsurance company based in the U.K., will expand its U.S. operations nearly a year after getting snatched up by a Japanese casualty insurance giant. Canopius ...
Home Depot Data Breach Liability Lawsuits Have Already Begun
Home improvement retailer Home Depot Inc has been sued over data breach by a customer, saying the company failed to properly safeguard customer data from hackers, a lawsuit filed in a Chicago federal ...
Allstate Hopes Timber, Real Estate will Boost Struggling Annuity Unit
Allstate Corp. is betting on timber and real estate to boost returns at a struggling annuity unit. "We do need to figure out what we do with our annuity business," Chief Executive Officer Tom Wilson, ...
Report: Global Reinsurance Capital Hits Record High
Global reinsurance capital hit an estimated $570 billion in the first six months of 2014, a new record as the money sources for the sector continued to flourish. Aon Benfield noted the milestone as ...