A work plan developed by actuaries to help reach a long-term solution for regulators' fiscal evaluation of insurers' hybrid securities was roundly criticized by insurers and Wall Street representative
The rating firm said pricing for renewals at the beginning of this year did not reflect new catastrophe models that were released showing greater potential losses from storms and were not priced in th
"The PCI chief executive officer's job is an excellent position, but I have no plans to leave Church Mutual, and I have told anyone who has asked me that I have no interest in the job. We do have a lo
Foundation Re II Ltd.--a special-purpose reinsurance company incorporated in the Cayman Islands--is providing a multi-year, collateralized reinsurance program financed through the issuance of risk-lin
Donald Kramer, chairman and chief executive officer of Bermuda-based Ariel Reinsurance, made his comments at an industry meeting here in response to remarks last week by William Berkley, CEO of Green
Donald Kramer, chairman and CEO of Bermuda-based Ariel Reinsurance, speaking at an industry meeting here, said he believes "rating agencies need to be more transparent and possibly come under some for
"When you look at regulation in the United States and some other places, you realize how dysfunctional [and] how hostile regulation is outside Bermuda," said Donald Kramer, chairman and chief executiv
WASHINGTON--Insurance interests and the American government are making diplomatic efforts to resolve continuing roadblocks hampering expansion of U.S. insurance companies in China, a trade group repres
WASHINGTON--Insurance interests and the American government are making diplomatic efforts to resolve continuing roadblocks hampering expansion of U.S. insurance companies in China, a trade group repres
The Florida Property and Casualty Insurance Reform Committee released its recommendations, which include new options such as mandating insurers to offer coverage excluding wind; those including wind