President Obama released the 2016 budget proposal yesterday, February 2, which calls for taxes on overseas revenues by US companies and a new approach to taxing foreign profits.
Re/insurer XL posted a solid set of results for the year ended December 31, 2014, partly on the back of low levels of catastrophe losses for the period. It also enjoyed some solid growth, especially during the fourth quarter.
Life reinsurer Reinsurance Group of America (RGA) posted a jump in profits for 2014, as it benefited from strong performance in a number of lines of business.
American International Group’s (AIG) commercial insurance division has introduced a new product designed to help customers respond to risks from a celebrity endorser's public fall from grace, scandal, or unexpected death.
Growth in the collateralised market will increase in 2015, with a heavy focus on sidecars, but catastrophe bond growth is likely to be flat.
Despite the wave of consolidation in the reinsurance industry at the moment, many believe that there remains a role for smaller, niche players, a survey by Intelligent Insurer has revealed.
The board of UK-based Towergate Insurance has agreed a financial restructuring deal, which will see senior secured creditors take over ownership of the group.
The temporary lapse of the Terrorism Risk Insurance Act (TRIA) highlighted the willingness of the private sector to assume some types of risk currently off limits.
All federal investments in and affecting floodplains must meet higher flood risk standards, according to an executive order signed by President Barack Obama.
The Cayman Islands has enacted regulations aimed at enhancing the Island's insurance statutory framework and providing more flexibility for insurers.