Aon Benfield June Global, U.S. Cat Report: Thunderstorms, Hail, Floods July 7, 2014 The Global Catastrophe Recap report for June from Aon Benfield’s Impact Forecasting highlights the outbreak of severe thunderstorms that affected...
Amlin Agrees ‘Non-Binding’ Terms to Increase Leadenhall Capital Stake July 7, 2014 Amlin plc announced that it has “reached non-binding agreement in principle to increase its existing interest in Leadenhall Capital Partners...
Typhoon Neoguri Strengthens; Heads towards Okinawa, Japan July 7, 2014 Typhoon Neoguri is currently roiling the waters of the Western Pacific, south of Okinawa. The latest weather reports indicate that...
Insurer Helvetia Agrees to Buy Nationale Suisse in $2 Billion Deal July 7, 2014 By Iain McDonald, Thomas Mulier and Carolyn Bandel Helvetia Holding AG agreed to buy a majority stake in Nationale Suisse in a transaction valuing the company at about...
Arch Capital Makes Reinsurance Group Promotions; Management Changes July 7, 2014 The Bermuda-based Arch Capital Group Ltd. (ACGL) has announced promotions in the reinsurance group “to support the recent expansion of...
Official: Massachusetts Life Returns to Normal After Hurricane Arthur July 6, 2014 Massachusetts state emergency officials say life is returning to normal after Hurricane Arthur dumped surprising amounts of rain and unleashed...
Arthur Damage Assessments Underway in North Carolina July 6, 2014 By Andrew G. Simpson Hurricane Arthur made landfall before midnight on July 3 near Cape Lookout, North Carolina, as a Category 2 hurricane. Maximum...
Insurers’ Yield on Investments Lowest Since 1965 July 6, 2014 By Noah Buhayar Warren Buffett had just taken control of Berkshire Hathaway Inc., a textile maker he would build into one of the...
P/C Insurers’ Profit Dipped in Q1 July 6, 2014 Private U.S. property/casualty insurers’ net income after taxes fell to $13.8 billion in first-quarter 2014 from $14.3 billion in first-quarter...
Insurers Suspect Fraud, Sue Phillips Asbestos Trust July 6, 2014 Six insurance companies are suing an asbestos personal injury trust set up by a U.S. unit of Philips that the...