The National Flood Insurance Program (NFIP) has breathing space until May 31 through one of President Barack Obama's last actions of 2011 on Dec. 23. But it remains unclear whether the latest extension...
When John Fogerty musically asked "Who'll Stop the Rain?" 40 years ago, he was pondering the world's disquiet. But given the economic and insured damage from natural catastrophes that deluged the U.S. and...
In this newly created role, Pressman will partner closely with the executive management team to further improve performance, strengthen integration, help maintain financial stability and lead new business initiatives to build upon the...
LONDON -- Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the appointment of John Cavanagh as CEO Willis Re, the reinsurance broking arm of Willis Group. Effective immediately, Cavanagh succeeds...
AXIS Capital Updates Loss Estimates for Catastrophe Events in the First Three Quarters of 2011 PEMBROKE, Bermuda -- AXIS Capital Holdings Limited ("AXIS Capital" or the "Company") (NYSE: AXS) today announced that the...
Financial Institutions Confronting Vast Regulatory Changes as Dodd-Frank Act is Implemented MIAMI -- Willis North America, a unit of Willis Group Holdings plc (NYSE: WSH), the global insurance broker announced today that experts...
HAMILTON, Bermuda -- Alterra Capital Holdings Limited ("Alterra") (NASDAQ: ALTE; BSX: ALTE.BH) today announced that it expects to record fourth quarter 2011 losses from catastrophe events of approximately $50 million, including an initial...
HAMILTON, Bermuda -- Aspen Insurance Holdings Limited ("Aspen") (NYSE: AHL) today announces an initial estimate of losses of $54 million, net of applicable reinsurance, reinstatement premiums and tax, for the flooding in Thailand....
PHILADELPHIA -- Spector Roseman Kodroff & Wills, P.C., Bernstein Litowitz Berger & Grossmann LLP, and Cohen Milstein Sellers & Toll, PLLC, co-lead counsel in the historic Converium/SCOR securities class action (the first such...
HAMILTON, Bermuda -- Alterra Capital Holdings Limited ("Alterra") (NASDAQ: ALTE; BSX: ALTE.BH) today announced that the Brazilian insurance and reinsurance regulator, Superintendencia de Seguros Privados (SUSEP), has given final approval for Alterra to...
Fourth Quarter 2011 Results to be Released on February 1, 2012 NEW YORK -- Transatlantic Holdings, Inc. (NYSE: TRH) today announced that it expects to report total net catastrophe costs (net of reinstatement...
OLDWICK, N.J. -- A.M. Best Co. has revised the outlook to stable from positive and affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Midwest Family Mutual...
FORT WAYNE, Ind. -- Summit Reinsurance Services, Inc. (Summit Re) is pleased to announce the addition of Vice President and Lead Reinsurance Underwriter Shaun Peterson to its executive staff. Shaun joins the Summit...
PEMBROKE, Bermuda -- Regulatory News: PartnerRe Ltd. (NYSE, Euronext: PRE) today announced that the Company expects to record a charge of approximately $120 million, pre-tax and net of retrocession and reinstatement premiums, in...
BOSTON -- To better protect mid-sized companies from the potentially devastating impact of a business crisis, Liberty Mutual Insurance now provides a crisis management endorsement as part of its new commercial lead umbrella...
OLDWICK, N.J. -- A.M. Best Co. has withdrawn the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of "a-" of Pioneer General Insurance Company (PGIC) (Denver, CO), following its...
Keynote Speaker, H.E. Yousef Hussain Kamal, the Minister of Economy & Finance, State of Qatar Investors From Across the U.S., Europe, and Asia, to Headline the Conference, Including Sam Zell, Equity Group Investments...
OLDWICK, N.J. -- A hard market may be two to three years down the road, according to industry experts who spoke at the Property/Casualty Insurance Joint Industry Forum. BestWeek U.S./Canada offers extensive coverage...
CHICAGO -- Aon Corporation (Aon) announced today that it will re-locate its corporate headquarters to the United Kingdom from the United States. Fitch Ratings believes that this move is consistent with the current...
DUBLIN -- Research and Markets (http://www.researchandmarkets.com/research/a39fac/iran_insurance_rep) has announced the addition of the "Iran Insurance Report Q4 2011" report to their offering. Business Monitor International's Iran Insurance Report provides industry professionals and strategists, corporate...