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A.M. Best Report: ‘Grey Swan’ Risks Can Affect Balance Sheets, Ratings

A new special report from A.M. Best discusses the need for non-life and life insurers to address threats called “grey swans,” the low-probability, high-severity events that have the potential to impair balance sheets and lower financial strength ratings. “Although some risks do …

Aon Report Identifies Key Risks for Financial Institutions in EMEA

Understanding and managing risk is increasingly a critical success factor for financial institutions, according to a report on financial institutions issued by Aon Risk Solutions, the risk management business of Aon plc. Entitled “2014 EMEA Financial Institutions Industry Report,” the …

A.M. Best Comments on Results of EIOPA’s Insurance Stress Test

A.M. Best said it would be premature to draw negative conclusions from the most recent Solvency II stress tests conducted by the European Insurance and Occupational Pensions Authority (EIOPA) and does not anticipate any rating implications at this stage. In …

A.M. Best Report: Last Resort Insurers Welcome Catastrophe Bond Market

The convergence market has provided an opportunity for entities that act as insurers of last resort to transfer some of their peak exposures to the capital markets, according to a Best’s Special Report titled, “Last Resort Insurers Welcome Relief From Growing Catastrophe …

A.M. Best: Asia-Pacific M&As Driven by Top-Line Growth Prospects

The Asia-Pacific region has been a popular destination for mergers and acquisitions, driven by top-line growth prospects for many still-developing markets with low insurance penetration, according to a Best’s Special Report titled, “Asia-Pacific Mergers and Acquisitions Seen as More Balanced, Driven by …

Baton Rouge-Area Among Top Gainers for New Construction Jobs

Large amounts of construction in the Baton Rouge, La.-area has led the region to be named among the top gainers in the nation for new construction jobs. NOLA.com/The Times-Picayune reports the recognition was announced on July 30 in a report …

U.S. Report: Climate Change Here, Deal With It

Climate change is in the here and now, according to a massive report issued on Tuesday. The White House’s National Climate Assessment report is part of President Barack Obama’s effort to prepare the nation for the impacts of a changing …

Ohio Medical Malpractice Claims Decline Again in 2012

Medical malpractice claims in Ohio hit a new low in 2012, according to a new report. The annual Ohio Medical Professional Liability Closed Claim Report from the Ohio Department of Insurance showed 2,733 claims in 2012, the last year for …

NAPCO Report: Prices Decreasing, Competition Increasing in P&C Space

Insurers have become increasingly competitive and are reducing rates for most accounts as a result of low global insured catastrophe losses and added capacity from non-traditional market sources, according to wholesale insurance broker-NAPCO’s biannual State of the Market: NAPCO Property …

Cyber Coverage Demand Increased in 2013, Trend to Continue in 2014: Marsh

Demand for cyber insurance rose by 21 percent across all industries in 2013 compared to 2012, and early indications in 2014 are that the buying trend is accelerating, according to a Marsh Risk Management Research report. Marsh found that financial …