PartnerRe jumped in New York trading after Insurance Insider reported that the reinsurer, which agreed last month to merge with Axis, might draw bids from rivals to break up the deal.
Two of Texas most-powerful lobbies, the insurance industry and trial lawyers, are gearing up for a fight over a push to ease penalties against companies that deny homeowners their hail-damage claims.
Allstate agreed to settle a 2011 lawsuit accusing Morgan Stanley of fraud over more than $100 million worth of mortgage-backed securities in which the insurer invested.
Pension and hedge funds flush with cash and hungry for yield are creating a market for reinsurers willing to look past the price cuts these investors have inflicted on traditional catastrophe coverage.
The time to recruit the next generation is now. Start by hitting up the schools with the top 10 undergraduate programs, according to U.S. News & World Report.
NU-PC360 visits Metropolis Collectibles in New York City to talk with Vincent Zurzolo, its COO and co-founder, to discuss the insurance considerations that collectors would do well to ponder in order to protect their own personal treasures.