News
Insurance
US investor Calamos Family Partners (CFP) filed a lawsuit in the US against Dutch EXIN Financial Services Holdings for defaulting on loans, according to an emailed statement, putting in doubt the planned acquisition of National Bank of Greece’s insurance unit, according to a Feb. 7 Reuters report. 7 February 2018
Insurance
The natural catastrophe losses of 2017 revealed some “surprising” disparities in reinsurers' exposures and their estimated return periods, according to a new report by S&P called ‘Are Global Reinsurers Ready For Another Year Of Active Natural Catastrophes?’ 26 July 2018
Insurance
Catastrophe modelling firm AIR Worldwide, a Verisk Analytics business, has unveiled a cyber risk modelling application for the re/insurance market that will provide underwriters and risk managers with a variety of cyber analytics. 24 April 2017
Insurance
UK motor insurers have voted for MIB (Motor Insurers’ Bureau) to handle and pay the claims from victims involved in a terrorist event where a vehicle is used to kill or injure. 23 July 2018
Insurance
The average fine per prosecution brought by the UK government-sponsored Environment Agency (EA) against companies has increased six-fold in the last five years, according to research from global law firm Clyde & Co. 23 July 2018
Alternative Risk Transfer
Excess capacity and strong competition among traditional and ILS markets have again been instrumental in driving rates down, says JLT Re. 29 June 2017
Insurance
Insurance firms in the Americas region will continue to “dominate” global M&A activity despite a predicted drop in deal-making for the first half of 2019, a report from law firm Clyde & Co has said. 4 March 2019
Insurance
The net income of private US property/casualty insurers more than doubled to $17.1 billion in first-quarter 2018 from $7.9 billion in first-quarter 2017, helped by lower catastrophe losses and increased reserve releases, according to a study by ISO, a Verisk business, and the Property Casualty Insurers Association of America (PCI). 12 July 2018
Insurance
Insurance broker NFP has acquired Arizona-based property/casualty (P&C) firm McCullough Insurance Agency to further expand its presence in the Southwest market. 8 May 2017
Insurance
Unprecedented volatility in economics, demographics and geopolitics and rapid technology advancements are transforming traditional risks for global businesses, adding new urgency and complexity to old challenges, according to Aon’s 2017 Global Risk Management survey. 24 April 2017
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