News and information for property & casualty insurance agents & brokers on personal lines insurance, including homeowners insurance, flood insurance, earthquake insurance, renters insurance, automobile insurance, life insurance, disability insurance, umbrella insurance and health insurance.
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.