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Allied World Assurance Company Holdings AG, the reinsurer whose co-founders include American International Group (AIG) and Chubb Corp, said it took a minority stake in Crescent Capital Group LP, the investment manager that focuses on junk-rated debt....

A major systemic financial failure. Extreme weather patterns. A water supply crisis. Food shortages. Weapons of mass destruction. Stark income disparity. Cyber attacks. Those are just a few of the major risks to the global economy this year, accordin...

AM Best has come out with its annual ranking of the world’s largest insurers. The rating agency looked at the largest companies — ranking them both by assets and by premiums written and found different factors affecting both lists. None of the compan...

The outlook for the global reinsurance sector remains stable, AM Best said yesterday. The rating agency said that the stability was driven by “continued strong risk-adjusted capitalisation, judicious enterprise risk management practices and a relativ...

The US Congress on Friday approved legislation to increase the borrowing authority of the National Flood Insurance Program (NFIP) by $9.7 billion. The House of Representatives voted 354-67 to keep the National Flood Insurance Program solvent and abl...

The New Year has only just begun, but students who are serious about pursuing a career in the insurance industry already need to start thinking about what they’re doing this summer. That’s because the Bermuda Foundation For Insurance Studies (BFIS) ...

The US accounted for a higher proportion of the world’s natural catastrophe losses than usual in 2012, due to a series of severe weather-related events. That’s according to a 2012 catastrophe report just released by Munich Re, the world’s largest rei...

With the majority of the January 1 reinsurance renewal contracts now bound, two company reports find that while Hurricane Sandy didn’t harden the market overall, it did help reinsurers maintain prices after a year in which natural disaster costs fell...

Bermuda has the opportunity to make itself the reinsurance centre for a growing industry worth hundreds of billions of dollars, according to a top New York-based fixed-income asset manager. Cliff Corso, CEO and chief investment officer of Cutwater As...