Week in pictures
Business Insurance is back on the merger-go-round with developments at Aetna-Humana and more this week in pictures. View the gallery
View Article3M exploring sale or spinoff of health software unit
(Reuters) — U.S. diversified manufacturer 3M Co. said on Thursday it was exploring a sale or spinoff of its healthcare data and software business.
View ArticleInternational governance of the Internet urged to promote resilience
A strong and resilient Internet will be governed by the private sector and supported by governments when needed, says a report issued Thursday by Zurich Insurance Group Ltd. and the Washington-based...
View ArticleCatastrophe bond issuance starting to slow down
Annual catastrophe bond issuance reached $6.98 billion in the 12-month period ending June 30, down from the previous 12-month period’s record-setting $9.40 billion, according to a report issued...
View ArticleOver-capacity, soft pricing challenge reinsurers
The outlook remains “challenging” for the rest of the year for reinsurers, according to a report released Thursday by Willis Group Holdings P.L.C.'s Willis Re unit.
View ArticleMarsh unit launches excess flood policy
Torrent Technologies Inc., a Marsh company, on Thursday said it has launched an excess flood insurance policy in cooperation with Torrent's Write-Your-Own insurers participating in the National Flood...
View ArticleLarge pharmaceutical firm transferring pension liabilities to MetLife
In the latest corporate move to reduce pension liability risk, West Pharmaceutical Services Inc. on Thursday said it is buying a group annuity contract to provide pension benefits to about 1,750...
View ArticleFinal PBGC rule eases employer reporting requirements
A final Pension Benefit Guaranty Corp. rule will reduce reporting requirements for more than 90% of plan sponsors, the agency said Thursday.
View ArticleProfessional liability division serves securities broker-dealers
Pioneer Underwriting Ltd. said Thursday that it has launched a professional liability underwriting capability for securities broker-dealers.
View ArticleOregon workers comp insurer to pay $120 million in dividends
More than 47,000 Oregon employers will receive a total dividend of $120 million in October from the state’s nonprofit workers compensation insurer.
View ArticleN.Y. financier charged with fraud in Chinese 'reverse mergers'
(Reuters) — U.S. authorities arrested a New York financier on Thursday for engineering Chinese "reverse mergers" and then manipulating stock prices to earn tens of millions of dollars in illegal profits.
View ArticleFitch sees no broad rate relief from M&A activity
MONTE CARLO, Monaco — The current spate of mergers and acquisitions in the industry likely will not be enough to halt continued rate declines in many lines of business, according to Fitch Ratings Ltd.
View ArticleLondon specialty insurer rebranding
Torus Insurance Holdings Ltd. has changed its name to StarStone Insurance Holdings Ltd., the London-based specialty insurance company announced Monday.
View ArticleMunich Re looks to innovate, take lead as market changes
MONTE CARLO, Monaco — While 2015 has not yielded many surprises for reinsurers, the challenges the industry faces means it must innovate to remain relevant, according to Torsten Jeworrek, member of the...
View ArticleAlternative capital flow into reinsurance market slows
MONTE CARLO, Monaco — Alternative capital continues to flow into the reinsurance market, but the pace of that influx has slowed, according to JLT Re, the reinsurance brokerage arm of Jardine Lloyd...
View ArticleSlowdown predicted in reinsurance price drop
MONTE CARLO, Monaco — Reinsurance renewals at Jan.
View ArticleCyber security collaboration gives way to up-to-date risk model
Two cyber security risk providers will collaborate with AIR Worldwide Corp., a Boston-based catastrophe risk modeling software provider, to an up-to-date cyber risk model for insurers, AIR said in a...
View ArticleSwiss insurer consolidates its global reinsurance business
Canopius Group A.G. is forming an integrated global business unit to manage the assumed reinsurance business previously written separately by Canopius and Sompo Japan Nipponkoa Insurance Inc.,...
View ArticleGrocery chain faces fines in series of worker injuries
The Occupational Safety and Health Administration has proposed $188,200 in fines against supermarket chain Wegmans Food Markets Inc.
View ArticleInland flood model includes flash flood damage probabilities
Irvine, California-based residential property information, analytics and data-enabled services provider CoreLogic Inc. said Monday that it has expanded its natural catastrophe risk management solution.
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