Risk & Capital Management
U.S. Drought Footprint in January Reached Largest Levels Since 2014
In January, the East was cold, the West was warm and drought reached its largest extent since 2014, the National Centers for Environmental Information said Wednesday. The average temperature across ...
U.S. P/C Industry 2017 Underwriting Loss Even Worse Than 2016: A.M. Best
The U.S. property/casualty insurance industry will likely post a second consecutive year of underwriting losses for 2017, and it will be much worse than the year before, according to a new A.M. Best ...
Allianz-Owned Microinsurer BIMA: Closing the Protection Gap in Developing Nations
The insurance protection gap in developing nations is being filled by a growing group of microinsurers, which provide coverage that ranges from life and health insurance, to crop insurance, to ...
China P/C Insurers Reportedly See 2017 Operating Cash Flow Turn Negative Amid Crackdown
China's insurance firms saw their net operating cash flow slump 65 percent last year, a source said citing data in a government memo, underscoring the challenges facing the sector as it reels from a ...
Global Elite’s Biggest Risk Worries: Cyber Attacks and War in the Age of Trump
The threat of large-scale cyberattacks and a "deteriorating geopolitical landscape" since the election of U.S. President Donald Trump have jumped to the top of the global ...
AmTrust CEO Zyskind, Stone Point Capital Propose Taking Insurer Private
A bid is afoot to take AmTrust Financial Services private. Stone Point Capital Partners, along with AmTrust Chairman and CEO Barry Zyskind and Director George Karfunkel (and his wife, Leah ...
Insurance/Reinsurance Rate Hikes in 2018 Are Increasingly Likely: Morgan Stanley
Rate hikes are on the way for reinsurers and insurers, Morgan Stanley asserts in a new research note, echoing predictions of others in the wake of record catastrophe losses for 2017. Morgan Stanley ...
Zurich, in Cost-Cutting Move, Will Transfer German Legacy Malpractice Book to Catalina
Zurich Insurance Group said it will transfer its German legacy medical malpractice book to Bermuda-based Catalina for an undisclosed price. The portfolio represented $450 million of reserves as of ...