How Italy’s Generali Is Connecting U.S. With Its Global Network April 14, 2016 By L.S. Howard The U.S. branch of Generali’s Global Corporate & Commercial business unit has launched a property insurance product for U.S.-based multinational...
P/C Price Declines Begin to Slow for North American Buyers: Willis Towers Watson April 8, 2016 By L.S. Howard The pricing declines enjoyed by most buyers for several renewal cycles are beginning to slow down, raising the likelihood that...
Negative Outlook for Energy Insurers May Force Sector Exit: Willis Towers Watson April 7, 2016 By L.S. Howard Energy insurers continue to feel the pressure caused by over-supply of capital and falling demand from buyers, which may lead...
UK’s Flood Re Launches to Bring Affordable Flood Cover to Homeowners April 4, 2016 By L.S. Howard The U.K.’s new joint industry and government sponsored reinsurance scheme for flood risk began operating today (April 4). Designed to...
Watford Re Forms E&S Insurer Watford Specialty, Partnering with Arch April 4, 2016 By L.S. Howard Watford Re Ltd. has formed a new excess and surplus lines insurer called Watford Specialty Insurance Co. (WSIC), based in...
April Renewals Saw More Price Cuts, but Reinsurance Demand Rises: Willis Re April 1, 2016 By L.S. Howard While the April 1 renewals saw a continuation of the softening market, there are encouraging signs that price cuts are...
Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT March 25, 2016 By L.S. Howard The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of...
Strong Reinsurer Results Hide Difficult Business Conditions: S&P, Fitch Reports March 24, 2016 By L.S. Howard Weak business conditions in the reinsurance industry are being masked by a low level of catastrophes and a high level...
Risk Appetite Statements Driving Shift in Reinsurance Buying Decisions: Willis Re March 22, 2016 By L.S. Howard The rising adoption of formal risk appetite statements is having a dramatic effect on reinsurance buying decisions, with purchasing power...
Zurich Insurance’s Ex-CEO Senn Received Remuneration of $6.3M in 2015 March 4, 2016 By L.S. Howard Zurich Insurance paid Martin Senn, its former CEO, 6.1 million Swiss francs ($6.3 million) during 2015, down from 7.2 million...