Finance

Aug 23 2017

Reinsurance Insurance News & Analysis #reinsurance #capital #markets #news, #reinsurance #capital #markets #rating #news, #reinsurance #capital #markets #research, #reinsurance #capital #markets #analysis


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Insurance companies and state regulators expressed dismay over President Donald Trump’s decision to withdraw from the Paris climate accord because he said it was a drain on the U.S. economy and an affront to American sovereignty. June 2, 2017 Full Story

  • ISO Director of Analytics Says His Field Takes on No-Brainer Tasks, Frees Underwriters. Jim Weiss, director of analytic solutions at ISO, said commercial analytic systems are integrating new forms of available data to more quickly assess basic underwriting decisions, freeing underwriters to focus on more-involved issues. Weiss spoke with A.M. BestTV at the 2017 RIMS Annual Conference and Exhibition in Philadelphia. Full Story
  • South Korean Insurers’ Net Profit Rises 24.4% in First Quarter. South Korean insurance companies’ net income rose 24.4% to 2.78 trillion won (US$2.4 billion) in the first quarter this year, according to latest data from the Financial Supervisory Service. Full Story
  • Swiss Re Places $125 Million Cat Bond for New York MTA Subsidiary. Swiss Re Capital Markets has structured and placed $125 million of insurance-linked securities by a subsidiary of the New York Metropolitan Transportation Authority covering storm surge and earthquake risks in the New York metropolitan area. Full Story
  • CNA Appoints EVP-General Counsel to Lead Law Department. CNA has appointed Scott Weber executive vice president and general counsel, leading the insurer’s law department, serving as principal counsel to senior management and the board and supporting business operations. Full Story
  • Home Field of Italian Soccer Team Juventus Renamed Allianz Stadium. The Turin, Italy, home of Juventus Football Club will become Allianz Stadium on July 1, under a rebranding agreement in effect for six soccer seasons. Full Story

People in Insurance

  • NJM Appoints Chief Underwriting Officer. NJM Insurance Group has promoted Tracy McManimon to the position of senior vice president and chief underwriting officer. Full Story

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