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Insurance
The risk to US property from thunderstorms is as high as from hurricanes, according to a Willis Re report. 20 March 2017
Insurance
American International Group’s (AIG) leaving CEO Peter Hancock was denied a bonus for 2016 after the company recorded a $3 billion net loss for the fourth quarter of 2016. 20 March 2017
Insurance
ICAT Syndicate 4242 of Lloyd’s of London has issued its first catastrophe bond Buffalo Re Series 2017-1 that will offer indemnity reinsurance coverage for storms and earthquakes occurring in the US. 20 March 2017
Insurance
Private equity firm KKR and Canada-based Caisse de dépôt et placement du Québec (CDPQ) are set to acquire US insurance brokerage and consulting firm USI Insurance Services. 17 March 2017
Insurance
The US state insurance regulator National Association of Insurance Commissioners (NAIC) is asking for clarifications on the negotiated covered agreement between the EU and the US which removes collateral and local presence requirements for reinsurers from the opposite side of the Atlantic, and suggested that the agreement might have to be renegotiated. 17 March 2017
Insurance
Munich Re is investing in technology and actively preparing and searching for growth opportunities to revert the current shrinking process. 17 March 2017
Insurance
Specialist insurer Beazley has appointed Najib Bousakr to spearhead the growth of its specialty lines business in Latin America. 17 March 2017
Insurance
Bermuda-based Ironshore has expanded its mergers and acquisitions (M&A) capabilities with a team of new hires in the Americas and extended cover capacity. 17 March 2017
Insurance
The Insurance Council of Australia (ICA) has appointed Suncorp's insurance CEO Anthony Day as its president and chairman of the board. 17 March 2017
Insurance
Trump Administration’s proposed spending cuts to the Federal Emergency Management Agency (FEMA) would put lives, property and taxpayer dollars at risk, according to SmarterSafer. 17 March 2017
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