Buffett Sees Reinsurance Slump May 4, 2015 By Noah Buhayar and Sonali Basak Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said he expects a slump in reinsurance results in the coming...
Best Affirms Ratings of XL and Subs; Removes from Under Review May 4, 2015 A.M. Best has removed from under review with negative implications and affirmed the financial strength rating (FSR) of ‘A’ (Excellent)...
S&P Revises Outlook on Fairfax Financial to Stable; Affirms Ratings May 4, 2015 Standard & Poor’s Ratings Services has revised its outlook on Fairfax Financial Holdings Ltd. to stable from negative. At the...
QBE Appoints Huber as Head of European Liability May 4, 2015 London-based QBE European Operations, which is part of QBE Insurance Group, has appointed Thomas Huber to lead the expansion of...
Hiscox London Market Launches Stand-Alone Threat Product May 4, 2015 Specialist global insurer Hiscox has launched a stand-alone Threat product designed to protect businesses against the loss of revenue suffered...
XL Looks to Illiquid Securities, Infrastructure to Boost Yields: McGavick May 4, 2015 By Doni Bloomfield and Sonali Basak XL Group plc Chief Executive Officer Mike McGavick said the insurer is looking to illiquid securities and infrastructure investments to...
Updated: China’s Fosun to Buy Remaining Shares in Ironshore for $1.84B May 4, 2015 By Regina Tan, Sonali Basak and Zeke Faux Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is planning a $1.84 billion merger with Ironshore...
State Regulation Worked in Red Rock/Foster Jennings Case: Oklahoma Commissioner May 4, 2015 By Stephanie K. Jones The circumstances surrounding the liquidation of a small Oklahoma insurer highlight the concern over how effectively state insurance regulators are...
Willis Launches Forensic Accounting Practice May 4, 2015 In response to the increasing number of large scale disasters that result in highly complex claims, Willis Group Holdings plc,...
Norman-Spencer Enhances Real Estate E&O Program May 4, 2015 The Norman-Spencer Agency, Inc. has made several enhancements to its Real Estate E&O program as well as added states where...