As waves of capital reshape reinsurer’s business model, the property/casualty insurance industry needs to change although exactly how remains a matter of debate. Reinsurers face a growing threat from the capital markets—hedge funds, pensions and others that have found innovative …
ING Groep NV, the biggest Dutch financial-services company, is seeking as much as €1.54 billion ($2.1 billion) in the first and what may be only public offering of its European insurance unit. The firm plans to offer 70 million shares …
Vhi Healthcare, the Irish state-owned medical insurer, extended a reinsurance accord with Warren Buffett’s Berkshire Hathaway Inc. as it seeks to move risk from its balance sheet and avoid a taxpayer bailout. Berkshire signed a one-year accord last July to …
Chicago, IL – 6/17/14 – Ryan Specialty Group, LLC (RSG) announces the formation of RSGUM Healthcare, a new healthcare and life science underwriting facility, in partnership with some of the strongest and most experienced healthcare and life science Underwriters at …
Local cyclists seem to generally approve of new traffic laws in West Virginia to protect them, though many say the increasing number of riders on city streets already has created something of a truce with motorists. The new law that …
The explosions that damaged a crippled Japanese nuclear plant during a disaster that forced mass evacuations in 2011 show what can happen when nuclear fuel overheats. In response to the Fukushima Dai-ichi accident, the U.S. government dramatically increased funding to …
Experian Plc, the largest of the three credit reporting companies in the U.S., was accused by Mississippi of failing to ensure that its consumer credit reports are accurate. Mississippi Attorney General Jim Hood alleged in a complaint moved to federal …
Bond buyers are betting more than ever on the mercy of Mother Nature as they seek to boost yields being suppressed by central banks. Demand for notes linked to insurance against hurricanes and other natural disasters is prompting investors to …
The insurance capacity is there to cover the risks associated with the current oil and gas boom in Texas and the nation, experts say, but agents and their customers should be vigilant in their efforts to understand the wording in …
A father/daughter team of insurance professionals recently were awarded two of the highest honors bestowed upon independent agents in Texas at the Independent Insurance Agents of Texas annual conference and trade show in San Antonio. Kelly Surles Lyttle was named …
