The New Madrid fault line, the Atlantic hurricane season and tornado alley are just a few factors that weigh heavily on the minds — and regulatory decisions — of insurance regulators in the southeastern United States. If insurance commissioners in …
Southeast regulators united in call for national disaster plan The New Madrid fault line, the Atlantic hurricane season and tornado alley are just a few factors that weigh heavily on the minds — and regulatory decisions — of insurance regulators …
Hartford-based Conning Research and Consulting, Inc. notes in a new study that “Bermuda has become the place where the capital markets and the market for insurance and reinsurance talent most closely intersect.” “In the past 20 years, Bermuda has grown …
Despite an uneventful hurricane season, structural changes in catastrophe coverage are here to stay and will continue to impact capacity and pricing in 2007, according to Ben Beazley, managing director of Chartwell Independent Insurance Brokers. “The catastrophe market is in …
Profits at American International Group, Inc. (AIG) more than doubled in the third quarter, thanks in part to a calmer than expected hurricane season. AIG reported net income for the third quarter of 2006 was $4.22 billion or $1.61 per …
Bermuda-based Allied World Assurance Company Holdings (AWAC) reported net income of $114 million, or $1.89 per diluted share, for the third quarter 2006 compared to a net loss of $283.4 million, or $5.65 per diluted share, for the third quarter …
Munich Re profited from the absence of major catastrophes to post a nine month profit of €2.861 billion ($3.66 billion), compared to €1.39 billion ($1.78 billion) in the first 9 months of 2005. Operating profits grew by 60.4 percent to …
Following the positive results (See related article), A.M. Best Co. affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of Germany’s Muenchener Rueckversicherung (Munich Re) and its rated subsidiaries. Best also affirmed …
In a report, Major (Re)Insurers Address Legacy Reserving Issues, While U.S. Hurricane Season Is Quiet, Standard & Poor’s Ratings Services notes that the “most significant development in recent months for European (re)insurers has been an indication that U.S. reserving issues …
The New Madrid fault line, the Atlantic hurricane season and tornado alley are just a few factors that weigh heavily on the minds – and regulatory decisions – of insurance regulators in the southeastern United States. If insurance commissioners in …
