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NEXUS, U.S. RE's new, proprietary reinsurance product is attracting considerable interest in the marketplace, reports Brian McGuire, Senior Vice President and Director. The multi-year product, which h... |
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U.S. RE's strategic partners in Istanbul, Baris Insurance and Reinsurance Brokers, Ltd., recently placed reinsurance for the precious commodity, which is held at The Istanbul Gold Exchange. The Exchan... |
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ARIC Investment, Inc. ("ARIC"), the parent of American Resources Insurance Company, Inc.,
an Alabama domiciled property/casualty insurer rated "A-" by A.M. Best, has raised $4 million of new capital... |
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The role of reinsurance in providing a safety net for the insurance industry has never been more important than it is today with the prospect of more frequent and severe hurricanes and other catastrop... |
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Experts agree that Gulf and East Coast States can expect continued intense hurricane activity this season and for the next few years. That's the bad news. The good news is that some respected
foreca... |
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AIR Worldwide Corporation (AIR), the leading risk modeling firm, estimates that a Category Three hurricane striking the New York metropolitan area would cause some $50 billion of insured losses and to... |
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In recent testimony before Florida's Coastal High Hazard Study Committee, Robert P. Hartwig, Senior Vice President-Chief Economist of the Insurance Information Institute, presented six recommendations... |
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Industry analysts across the board predict an underwriting profit for the property/casualty insurance industry in 2006, but they foresee continuation of the industry's long-standing inability to achie... |
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Spurred by the financial impact of the last two hurricane seasons, Allstate joined forces with a number of state regulators including Florida's Kevin McCarty to build support for a National Catastroph... |
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To buy or not to buy Ð Purdue vs. University of Memphis leaves residents in a quandary over earthquake insurance in the New Madrid fault zone. Michael Ellis of the University of Memphis published a s... |
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A recent study indicates that 79 percent of small businesses do not have a disaster recovery plan in place. The poll was taken by the International Profit Associates Small Business Research Board. "Wi... |
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Catastrophe losses have doubled every year since 2002, and the number of claims has risen dramatically, reports the Property Claims Service (PCS) of ISO. This resulted in a record $56.8 billion in cat... |
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A group of 20 major investors in insurance stocks have called on 30 of the largest, publicly held insurers in North America to report on their financial exposure from climate change and their plans fo... |
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Atlanta, GA - Nadeene Wood-Clater, an executive with 28 years of experience in health care and
professional liability insurance, has been named Senior Vice President- Marketing at The Uni-Ter Group,... |
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The transaction is in the form of Fixed/Floating Rate Senior Debentures issued in connection with a collateralized debt obligation pool.
"U.S. RE Securities exceeded our expectations. We engaged... |
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With a two-year extension of the Terrorism Risk Insurance Act signed into law, the priority shifts to finding a long-term solution.
U.S. RE last fall proposed creation of a Terrorism Risk R... |
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Winners in today's competitive insurance business will be those who use sophisticated analytical techniques made possible by advances in technology, Frank Coyne, CEO of the Insurance Services Office (... |
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Insurance underwriters now have access to reliable risk profiles on every address in the continental U.S. online through the Natural Catastrophe Service developed by AIR Worldwide Corporation (AIR), a... |
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A recently published study by Conning Research and Consulting, Inc. pin-points so-called "convergence products" as the new wave in insurance and reinsurance. "The insurance industry's product developm... |
