Bermuda Insurance Industry Expected to Grow by 10.3% Annually Until 2019 July 14, 2016 The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent...
Negative Interest Rates Described as ‘Dirt Sandwich’ for Insurers, Asset Managers July 14, 2016 By Katherine Chiglinsky Central bankers globally need to realize the risks that extreme monetary policies will backfire, according to Voya Financial Inc.’s Karyn...
XL Estimates Q2 Cats to Cost $240M, Led by Alberta Wildfires July 14, 2016 By Agnel Philip XL Group Plc, the insurer that expanded last year with the purchase of Catlin Group Ltd., said second-quarter catastrophe costs...
A.M. Best’s ‘A-‘ Rating Not as Good as It Seems: Fitch July 14, 2016 Fitch Ratings this week warned that users of insurance ratings from four large credit rating agencies (CRAs) fail to understand...
Europe Insurers’ Stress Tests Could Lead to Higher Capital Requirements July 13, 2016 By Jan-Henrik Förster and Oliver Suess European insurers, whose profits are being eroded by Mario Draghi’s* quantitative easing program, face a stress test headache that risks...
Tokio Marine Kiln Completes Integration by Restructuring Underwriting Divisions July 13, 2016 Tokio Marine Kiln (TMK) has completed the final stage of its integration by restructuring its underwriting divisions along sector lines....
BHSI Launches Insurance Products for Directors & Officers in Asia July 13, 2016 Berkshire Hathaway Specialty Insurance Co. (BHSI) is expanding its executive & professional lines capabilities in Asia with the introduction of...
Storms & Earthquakes Drive Up Insured Losses in 1H 2016: Munich Re July 13, 2016 Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the...
Insurers, Banks & Pension Funds ‘Must Address’ Climate Risk Exposures July 13, 2016 By Doug Alexander The world’s insurers, banks and pension funds are “inherently susceptible” to threats from climate change and must make adjustments, from...
Jaguar Land Rover to Test Fleet of Autonomous Cars in England by 2020 July 13, 2016 By Costas Pitas Britain’s biggest carmaker Jaguar Land Rover said it will create a fleet of more than 100 research vehicles over the...