Why Isn’t Current Pricing Pain Impacting Reinsurers’ Ratings? – Litmus Analysis July 16, 2014 By Stuart Shipperlee - Analytical Partner Since the disappointing pricing at the 1.1. renewal the bad news on reinsurance pricing has kept on coming. April, June...
Canada’s Onex to Buy York Risk Services for $1.3 Billion July 16, 2014 By Scott Deveau Onex Corp., Canada’s largest buyout firm, agreed to buy York Risk Services Group Inc. from ABRY Partners LLC in a...
Aon Completes Acquisition of National Flood Services July 16, 2014 Aon Affinity, the consumer, association and program business of Aon Risk Solutions, has completed its acquisition of StoneRiver National Flood...
AIG Settles for $650M from BofA in Mortgage Securities Fraud Case July 16, 2014 Bank of America agreed to pay American International Group Inc. $650 million to settle long-running legal disputes over defective mortgage-backed...
House Lawmakers Say ‘Too Big To Fail’ Panel Too Secretive July 16, 2014 By Cheyenne Hopkins and Robert Schmidt Democratic and Republican lawmakers are cooperating on legislation that would lift some of the secrecy around the U.S. council that...
Typhoon Rammasun Makes Landfall in Philippines; AIR Analysis July 16, 2014 Catastrophe modeling firm AIR Worldwide reported that Typhoon Rammasun made landfall in the Philippine province of Sorsogon with sustained winds...
S&P Affirms Argo Group US & Operating Companies Ratings; Outlook Stable July 16, 2014 Standard & Poor’s Ratings Services has revised its outlook on U.S.-based intermediary holding company Argo Group US Inc. (AGUS) and...
Schmitz to Head XL Group’s Global Property Risk Engineering July 16, 2014 XL Group has appointed Dave Schmitz to lead its global Property Risk Engineering Services, including XL Global Asset Protection Services,...
Record Settlement Reached in Australia Wildfire Class Action Lawsuit July 16, 2014 Survivors of one of Australia’s deadliest wildfires are to be awarded nearly A$500 million (US$467.5 million) in a class action...
FCA Says Some Price-Comparison Websites Fail to Meet Standards July 16, 2014 Britain’s Financial Conduct Authority said some price-comparison websites for general insurance are failing to meet regulatory standards. Websites “did not...