The Bermuda insurance market has launched two new products for the healthcare market: the Bermuda Market Follow Form Healthcare Insurance Policy and the Bermuda Market Reinsurance Agreement. Select Insurance brokers and underwriters from across the island have worked together to …
According to a report from Munich Re, “renewable energies are gaining in significance.” The reinsurer noted that “the share of renewable energies in power generation in Germany is expected to increase from a current 10 percent to 60 percent by …
International marine insurance specialist broker, Junge & Co, has rebranded its reinsurance broking operations as “Cooper Gay Germany.” Both Cooper Gay and Junge are part of the global independent wholesale & reinsurance broker, Cooper Gay Swett & Crawford, which was …
Swiss Re has issued a bulletin noting that it is “well placed for the upcoming 2011 renewal negotiations with its European clients.” The talks, which begin this week in the German resort of Baden-Baden, bring together brokers and reinsurers (and …
A New York judge held former American International Group Inc. Chief Executive Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the insurer hide losses. New York State Supreme Court Justice …
The weak outlook for U.S. employment could hurt insurers that cover work-related injuries. Persistently high unemployment translates to fewer workers to cover, which cuts into revenue. And workers compensation providers face higher payouts because claiming workers are staying on benefits …
An executive of a national insurance company trade group told insurance CEOs and senior executives that America faces a struggle between two competing visions for the future – a choice between a free market system and an expanded federal government. …
A recent poll shows that Washingtonians are divided over whether to open the state workers’ compensation system up to the private market. Elway Poll results indicate 31 percent of voters are in favor of passing voter initiative I-1082, 31 percent …
Los Angeles-based Mercury General Corp. announced that on Monday, Nov. 1, 2010, the company will release results for its third quarter ended Sept. 30, 2010. The company will host an investor conference call and Web cast that same day at …
U.S. state insurance commissioners unanimously backed tough rules requiring health insurance companies to direct more of the premiums they collect to medical care, rather than corporate salaries and profits. Although the percentages are mandated in the new healthcare law, insurers …
