Reinsurance prices declined on policies renewed for July 1 amid low losses and as record levels of catastrophe bonds drove an oversupply of capital, according to Guy Carpenter & Co. LLC. There were “price decreases across virtually all geographies and …
Bermuda-based Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as Executive Vice President and Head of Commercial Property within its U.S. Insurance operation. He has nearly twenty years of experience in the insurance industry in both …
Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as executive vice president and head of commercial property within its U.S. Insurance operation. Maritzen will be responsible for building a new property team with a focus on …
The National Football League won preliminary approval of a settlement worth at least $675 million resolving ex-players’ claims that officials failed to warn them about links between concussions and brain injuries. U.S. District Judge Anita Brody in Philadelphia yesterday concluded …
Swiss Re has released a report, “New emerging risk insights,” which is based on the reinsurer’s SONAR process, described as a “unique tool which uses Swiss Re’s internal risk management expertise to observe and evaluate new and emerging risks. It …
According to catastrophe modeling firm AIR Worldwide, at about 6:30 am local time today, Typhoon Neoguri—the strongest typhoon to date in 2014—is “roaring toward Japan with sustained winds of 180 km/hr [112 mph] and gusts above 250 km/h [155 mph].” …
According to catastrophe modeling firm AIR Worldwide, at about 6:30 am local time yesterday, July 7, a powerful M6.9 earthquake struck near the border of Mexico and Guatemala near the town of Puerto Madero, Mexico, at a depth of 37.3 …
UK-based broker Cooper Gay & Co Ltd. and Newman Martin and Buchan LLP (NMB), have appointed Martin Stephenson as CEO for their combined Reinsurance business, effective immediately. Stephenson was previously managing director of the NMB Reinsurance division. He brings over …
Hiscox London Market announced plans to build its “on-the-ground presence in Brazil” with the appointment of Simon Zelenoy to develop its London Market business in Brazil. Hiscox said he “will be responsible for finding attractive new opportunities in core lines …
A blaze at a high-rise apartment in New York City that killed a fire lieutenant started in an air-conditioner electrical cord pinched between a bed frame and a wall, the fire commissioner said, adding that the fire had been ruled …
