NFIP Ready for Five Year Renewal, But Without Major Reforms
U.S. lawmakers are poised to vote on a five-year renewal of the National Flood Insurance Program (NFIP) this
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Alterra Fuels Sidecar, Puts Berger in Rear View
Alterra Capital is having a good day. On Wednesday the reinsurer announced it is renewing its long-running New Point
Australian Quake Unlikely to Reach Major Losses
A 5.2 magnitude earthquake that struck near Victoria, Australia will not reach major losses for insurers, according to local
Private Market Balks at U.S. Crop Insurance/Reinsurance Changes
Some of the largest global insurers and reinsurers are battling changes that U.S. crop insurance program that would limit
Florida’s Biggest Homeowners Carrier Ups Reinsurance Over $100 Million
Homeowners Choice – Florida’s biggest private homeowners issuer – increased its private reinsurance contract by $100 million and upped its single
Former Zurich Exec Beats Out California Quake Leader for Citizens' Spot
Florida’s insurer of last resort — Citizens Property Insurance — has selected former Zurich Insurance executive Barry Gilway as a replacement
Western Wildfires Threaten U.S. Losses
Large wildfires in Colorado and New Mexico could threaten more losses for U.S. carriers just as the severe weather
Lancashire Seeks Accordion Encore Performance
London-based Lancashire Holdings Ltd. announced the renewal of its $250 million retro side car Accordion Reinsurance with plans to
Life Securitization Stalled, Sector Pins Hope On Embedded Revival
With capital markets “no longer a viable source of funding” for life insurance reserve securitizations, the sector is focusing on
Italy Quake, China Flood And U.S. Storms Top May Losses: Aon
The earthquake that shook Northern Italy’s Emilia-Romagna region and flooding in China created combined $9 billion in economic
U.S. P/C Industry Runs Out of Reserve Runway In 2013
Property/casualty insurers bolstering earnings and suppressing prices through redundant reserve releases will hit a wall in 2013, according to
Insurance-Linked Securities Flourish as Reinsurance “Light”
Insurance-linked securities (ILS) issuers and investors have come to accept the sector’s ‘complementary”role compared to traditional cover
