Re/insurers risk under-charging for certain perils and getting stung by higher than expected claims if they base the assumptions in their catastrophe models on inaccurate or outdated data.
Fosun International, a Chinese investment company listed on the Hong Kong Stock Exchange, has acquired a 20 percent stake in specialty insurer Ironshore.
Reinsurance Group of America, the global life reinsurer, has reached an agreement that will see it co-invest in first lien senior secured loans alongside Golub Capital BDC, a specialist investor in this type of debt.
The producer of a planned Gregg Allman biopic film has filed a lawsuit with Los Angeles Superior Court accusing New York Marine and General Insurance of allegedly refusing to pay more than $1.6 million in losses stemming from a deadly on-set accident.
Reinsurance Group of America (RGA) has reached an agreement with Voya Financial, formerly ING US, to reinsure approximately $104 billion of in-force life insurance.
Eight new insurance entities were registered on Bermuda in July, according to the Bermuda Monetary Authority (BMA), including one Class 3 insurer and one special purpose insurer.
China's State Council has revealed a number of measures aimed at boosting insurance development in the country with the goal of doubling the level of insurance penetration and density in the next 15 years
Global reinsurers are increasingly targeting growth in the Asia-Pacific region, attracted by the strong growth in the region and a growing sophistication among cedants in their use of reinsurance.
Amlin posted a steady set of results for the first half of 2014, with its reinsurance book growing despite challenging market conditions. Its profits dipped, however, largely because of changes in foreign exchange rates.
Warren Buffett's Berkshire Hathaway has confirmed that it has poached two senior executives from the Asian operations of American International Group (AIG).