News
Insurance
S&P Global Ratings expects the insured losses from wildfires in northern and southern California to be contained as an earnings event and for the reinsurance sector to be able to absorb the impact from these fires as well as recent hurricanes although catastrophe budgets will be strained. 19 November 2018
Insurance
P&C insurers face large claims from devastating California wildfires as losses are estimated to have reached between $3 and $6 billion, according to Moody’s. 14 November 2018
Insurance
RSA Insurance Group has revealed its plans to scale back London Market exposures and restructure its specialty and wholesale business following a strategic review of all of its portfolios. 14 November 2018
Insurance
American International Group (AIG) has renamed its legacy reinsurance portfolio DSA Re as Fortitude Group Holdings (Fortitude Re) following the completion of an acquisition of a 20 percent stake in the unit by private equity firm Carlyle Group. 14 November 2018
Insurance
Ohio-headquartered Nationwide Mutual Insurance Company is reducing its workforce by 1,100 positions in the US and will start laying off about 80 workers at its downtown Des Moines location, according to several regional news publications. 14 November 2018
Insurance
The International Accounting Standards Board (IASB) has voted to delay the implementation of IFRS 17 for one year to Jan. 1, 2022. 14 November 2018
Insurance
Everest Insurance has hired OneBeacon and Starr executives for its Everest Specialty Underwriters Private Company/Not-for-Profit group. 14 November 2018
Insurance
Primary insurers rather than reinsurers will bear the majority of losses produced by the wildfires that are currently scorching parts of California, according to KBW analyst Meyer Shields. 12 November 2018
News
Munich Re has taken advantage of organic growth potential in the property/casualty (P&C) reinsurance segment and expanded its portfolio significantly during the third quarter of 2018. 7 November 2018
News
Bermuda-based Third Point Re has seen its gross written premium (GWP) fall sharply by 82.8 percent in the third quarter of 2018 due to unsatisfactory underlying pricing, terms and conditions. 7 November 2018
Not finding what you're looking for, please try resetting your applied search and filters,
or try the full site search.