Willis Towers Watson has launched a digital tool to help organizations analyze financial feasibility and future profitability of their captive insurance strategies. The new system, Captive Quantified, is a web-based, interactive design that automates due diligence and financial analysis to …
A federal appeals court in Ohio on July 31 heard arguments by opposing attorneys in a class action involving whether agents working for an insurance carrier on an exclusive basis should be classified as independent contractors or as company employees. …
Global insurer American International Group and private equity and financial services firm The Carlyle Group are forming a partnership to build a standalone provider of reinsurance, claims handling and run-off management services for long-dated, complex risks to the global insurance …
James Anderson has assumed the role of executive vice president and chief financial officer at CNA. He succeeds D. Craig Mense, who has been CFO since 2004 and who last April announced plans to retire at the end of the …
The U.S. Department of Homeland Security on Tuesday said it will bolster collaboration with the private sector to defend the nation against cyber attacks by working more closely with industry to combat emerging threats. Homeland Security Secretary Kirstjen Nielsen unveiled …
Wall Street is trying to figure out whether the U.S. insurance industry will bear any costs from a record $4.69 billion judgment against Johnson & Johnson awarded to customers and their families who claimed that asbestos-contaminated talc caused ovarian cancer. …
A judge issued a temporary restraining order against the distribution of materials to make guns using 3-D printers. A group of states sued the Trump administration Monday in federal court in Seattle to block its legal settlement allowing a small …
After global insured natural catastrophe losses hit record highs in 2017, will reinsurers be able to withstand another year of active natural catastrophes? S&P Global Ratings indicates that while reinsurers are entering this year’s hurricane season with robust earnings and …
Beazley has launched a new consortium at Lloyd’s to bring increased capacity for wage & hour risks, expanding the choices available to U.S. organizations. Building on Beazley’s experience in employment practices liability (EPL), and the 2015 launch of Workplace Protect, …
The Federal Emergency Management Agency (FEMA) has secured a reinsurance placement for the National Flood Insurance Program (NFIP) that for the first time is directly backed by capital markets investors. FEMA has entered into a three-year reinsurance agreement, effective August …
