Large Product Liability Awards Made Comeback in 2014 February 19, 2015 By Margaret Cronin Fisk Huge jury verdicts against companies over fatal flaws in their products made a comeback last year, which may foretell more...
Greenlight Re Reports Q4 Net Income of $60.7 Million; $109.6 Million for Year February 19, 2015 Greenlight Capital Re Ltd., which is based in the Cayman Islands, reported net income of $60.7 million for the fourth...
Navigators Launches Lloyd’s-Based International Casualty Unit February 19, 2015 The Navigators Group, Inc. announced that Navigators Underwriting Agency Ltd., its wholly owned Lloyd’s managing agency subsidiary, has created an...
Report Challenges Eliminating Deductibility of Foreign Reinsurance Premiums February 19, 2015 A report from the Tax Foundation challenges recent tax proposals including the White House’s 2015 budget that call for provisions...
PERILS Puts Initial Loss Estimate for Windstorm Elon-Felix at $374 Million February 19, 2015 PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, announced that its initial loss estimate of the insured...
What Will States Do If Court Kills Health Insurance Subsidies? February 19, 2015 By David Morgan Five Republican state governors say they will not rescue a crucial part of Obamacare if it is struck down by...
ACE Launches Luxury Goods Practice for Continental Europe February 19, 2015 ACE Group announced the launch of a new luxury goods practice across Continental Europe. The launch of the practice follows...
Guy Carpenter Appoints Eagle as Head of International Analytics February 19, 2015 Guy Carpenter has appointed Matthew Eagle as managing director and head of international analytics. Eagle will be joining Guy Carpenter’s...
Swiss Re Plans $1.1 Billion Share Buyback; Q4 Net Income Hit February 19, 2015 By Oliver Suess Swiss Re AG, swimming in excess capital after several years of lower-than-expected disaster claims, plans to shift to share buybacks...
All Risks Adds White as Casualty/PL Broker in Atlanta Office February 19, 2015 All Risks, Ltd. has announced that Jeffrey White has joined the Atlanta office as a casualty and professional lines broker....