Insurers nursing hefty losses from severe spring floods in Europe face paying out a similar amount again after areas of Germany and France were repeatedly pounded by grapefruit-sized hail stones over the summer.
British insurance broker Jardine Lloyd Thompson Group is buying Towers Watson's reinsurance brokerage for $250 million, accelerating an expansion into the United States.
Reinsurance executives gathering in Monte Carlo will be considering their response to increasingly popular alternative insurance-linked investments that are driving down prices in the industry.
A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, a top official has warned.
A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, a top official has warned.
British life insurer Phoenix Group is in talks to buy the Admin Re unit of Swiss Re, re-starting its drive to consolidate the sector and achieve savings after a hiatus caused by its heavy debts.
British life insurer Phoenix Group is in talks to buy the Admin Re unit of Swiss Re, re-starting its drive to consolidate the sector and achieve savings after a hiatus caused by its heavy debts.
For European insurers frustrated that "cyber crime" policies have so far failed to find a ready market among sceptical companies, hope may be at hand.