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Reinsurance deal adds competition to broker market

By: Rob Lenihan

Published July 07, 2016 - 4:17pm CST

The deal between General Reinsurance Corp. and Transatlantic Reinsurance Co. announced earlier this week will quickly give both reinsurers access to capabilities they need to grow, analysts say.

Zurich sells South African operations

By: Joyce Famakinwa

Published July 07, 2016 - 12:40pm CST

Fairfax Financial Holdings said it has acquired the South African and Botswana operations of Zurich Insurance's South African unit.

Broker poaches exec from rival to head reinsurance

By: Joyce Famakinwa

Published July 07, 2016 - 11:53am CST

Cooper Gay Swett & Crawford Ltd. said Thursday it named London-based Kieran Angelini-Hurll CEO of its reinsurance division.

Catastrophes tear into property/casualty insurer profits

By: Mark A. Hofmann

Published July 06, 2016 - 2:28pm CST

U.S. P/C insurers' net income during the first quarter of 2016 dropped 24% year-over-year to $18.0 billion, A.M. Best says.

Berkshire Hathaway enters Australian accident and health market

By: Joyce Famakinwa

Published July 06, 2016 - 2:18pm CST

Berkshire Hathaway Specialty Insurance Co. has launched accident and health insurance products in Australia.

New breed of hedge fund reinsurers could learn from traditional model

By: Rob Lenihan

Published July 06, 2016 - 2:13pm CST

Hedge fund reinsurers need to establish prudent risk controls if they want to succeed in the current economic environment, Standard & Poor's Corp. said in a study released Wednesday.

XL Catlin exec moves into specialty reinsurance role

By: Sarah Veysey

Published July 06, 2016 - 8:50am CST

Corrected to indicate that this is a new position at XL Catlin.

Reinsurance startup raises $600 million in capital

By: Rob Lenihan

Published July 05, 2016 - 2:55pm CST

Harrington Reinsurance Holdings says it has completed raising about $550 million of equity and $50 million of debt issuance.

Insurer sued over war exclusion after Hamas attacks delay TV production

By: Judy Greenwald

Published July 05, 2016 - 2:48pm CST

NBCUniversal units say OneBeacon refused to pay $6.9 million for production delays caused by Hamas rocket attacks in Israel.

P/C insurance rate decline slows

By: Mark A. Hofmann

Published July 05, 2016 - 10:16am CST

Commercial property/casualty insurance rates dropped an average of 1% in June compared with last year, MarketScout says.

London market underwriters group bolsters board

By: Sarah Veysey

Published July 05, 2016 - 9:18am CST

Six London insurance market executives have been elected to the board of the International Underwriting Association, the London-based IUA announced Tuesday.

U.S. brokers to feel it more than insurers

By: Mark A. Hofmann

Published July 03, 2016 - 12:01am CST

The United Kingdom's vote to leave the European Union looks to have a greater immediate effect on insurance brokers than insurers as the U.S. market has largely taken a business-as-usual stance following last month's referendum.

Insurers in state of flux as 'Brexit' confounds market

By: Sarah Veysey

Published July 03, 2016 - 12:01am CST

Insurers in the U.K., the E.U. and the U.S. face what looks to be an extended period of uncertainty.

Rhode Island offers insurers runoff options

By: Douglas McLeod

Published July 03, 2016 - 12:01am CST

Insurers looking to restructure or exit lines of business may get help from Rhode Island, which is considering its first license application for a specialty insurer formed to take advantage of the state's unique insurance portfolio runoff law.

Reinsurers cut rates again but see signs of stabilization despite low losses

By: Sarah Veysey

Published July 03, 2016 - 12:01am CST

While reinsurance rates generally fell at the midyear renewals, there were some signs of stabilization, and many reinsurers declined business where they did not consider the rates to be adequate.

Competitive market drives down property insurance prices

By: Mark A. Hofmann

Published July 03, 2016 - 12:01am CST

The buyer's market in commercial property insurance is alive and well.

Sound risk management breeds bigger savings

By: Mark A. Hofmann

Published July 03, 2016 - 12:01am CST

Even in today's relatively soft property insurance market, risk managers can make their business more attractive to underwriters, insurers say.

Liability rates still falling in most areas

By: Rob Lenihan

Published July 03, 2016 - 12:01am CST

Many organizations are seeing decreases in their commercial liability coverage at midyear renewals, but there are distinct exceptions.

E&O rate changes vary by professional sector

By: Judy Greenwald

Published July 03, 2016 - 12:01am CST

While errors and omissions rates remain soft at midyear renewals, experts say it's difficult to make overall statements due to the disparate sectors covered by E&O policies.

D&O buyers see double-digit decreases

By: Judy Greenwald

Published July 03, 2016 - 12:01am CST

Buyers are enjoying competitive rates when renewing their directors and officers liability insurance, particularly in their excess coverage.

PartnerRe reorganizes business operations

By: Rob Lenihan

Published July 01, 2016 - 12:47pm CST

PartnerRe Ltd., which recently got a new chief executive, has reorganized its business units effective Friday.

Berkley names president of excess and surplus lines unit

By: Joyce Famakinwa

Published July 01, 2016 - 12:29pm CST

W.R. Berkley Corp. has appointed Scott R. Barraclough president of its Mount Laurel, New Jersey-based Admiral Insurance Group subsidiary.

The BI Top 10

Published July 01, 2016 - 10:38am CST

The U.K.'s vote to leave the E.U., better known as "Brexit," leads Business Insurance's top 10 most read features.

Reinsurance renewal rates remain in doldrums

By: Mark A. Hofmann

Published July 01, 2016 - 10:09am CST

Softening continued during the June/July reinsurance renewal season, according to a report issued Friday by Willis Towers Watson P.L.C.'s Willis Re unit.

Global insurance growth

Published July 01, 2016 - 9:41am CST

Swiss Re report shows that insurance premiums are making small gains globally.

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