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...
Markel International Enters Marine Equipment Market with Senior Execs Appointed July 12, 2016 Markel International, the specialist insurer, has appointed Andy Lane, senior underwriter, in its newly created marine equipment business, part of...
Non-Life Cat Bond Issuance Hits $2.8B During 1H 2016: Willis Towers Watson Report July 12, 2016 Total non-life catastrophe bond market issuance for the first half of 2016 rose to $2.8 billion, according to the latest...
Allied World Europe Names Jacobs to Lead Casualty Operation in London July 12, 2016 Allied World Assurance Company Holdings AG announced that Allied World Europe has appointed Darren Jacobs as senior vice president, General...