Strong E&S Premium Growth in Response to Weak Results; Top 15 E&S Writers: Fitch September 30, 2019 By L.S. Howard Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since...
Trump Signs Stopgap Funding for Government That Includes Flood Program September 29, 2019 President Donald Trump has signed a continuing resolution that will avoid a federal government shutdown by funding the government at...
Analysts See Senate Joining House on Marijuana Banking Law September 29, 2019 By Felice Maranz A stronger-than-expected 321-103 vote in the House in favor of the Secure and Fair Enforcement Banking Act, which allows banks...
Europe’s Money Laundering Scandals Expand with Criminal Probe of ABN Amro September 27, 2019 By Ruben Munsterman and Wout Vergauwen Europe’s widening money laundering scandals took a new turn as ABN Amro Bank NV disclosed a criminal probe over alleged...
Lawsuit Says Colorado Railroad Ignited Fires Prior to Wildfire September 27, 2019 A federal lawsuit says nearly 50 fires in Colorado were ignited by a railroad company in the weeks leading up...
AXA XL Appoints Ex-Zurich Executive Longo as Country Leader, Italy September 27, 2019 AXA XL Insurance announced the appointment of Saverio Longo as country leader, Italy. He will join AXA XL in November...
Parametric Catastrophe Facility CCRIF Pays US$12.8M to Bahamas for Dorian Damages September 27, 2019 CCRIF has made two payouts to the government of The Bahamas totaling US$12.8 million in the aftermath of Hurricane Dorian,...
Munich Re Syndicate Labuan Promotes Ng to General Manager and Principle Officer September 27, 2019 James Ng has been promoted to general manager and principle officer for Munich Re Syndicate Labuan Ltd. (MRSLab). Based in...
EU Loses Faith in PM Johnson’s Ability to Deliver Brexit Divorce Deal by Oct. 31 September 27, 2019 By Ian Wishart, Tim Ross and Jessica Shankleman The European Union is rapidly losing faith that U.K. Prime Minister Boris Johnson can deliver a divorce deal by the...
AM Best Revises Outlooks to Positive for New Hampshire’s Concord Group September 27, 2019 AM Best has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of A (excellent)...