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Daily NewsFlash : May 09, 2013

Daily NewsFlash
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Thursday, May 09, 2013

Reinsurers to Follow Berkshire's Lead: Pat Ryan

ConvergenceThe increased convergence between insurance, reinsurance and the capital markets and the increasingly aggressive moves from Warren Buffett's Berkshire Hathaway mean this year so far has been one of the most eventful in a long time, according to Pat Ryan, chairman and CEO of Ryan Specialty Group and founder of Aon...

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GC Securities: First Quarter Cat Bond Activity Signals Robust Issuance Ahead

Guy CarpenterGC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/SIPC, today released an analysis of first quarter activity and trends within the catastrophe risk market for 2013. Two natural peril-exposed catastrophe bond transactions closed during the first quarter of 2013,...

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NAS Insurance Services Introduces Alive Risk for Entertainment, Sports, and Event Insurance Services

Alive RiskTo meet the growing demand for specialized live event insurance coverage, NAS Insurance Services introduced today Alive Risk, a new brand for its Entertainment & Sports division. Headed by Jerid Schmickle and Tim Troester, the new business unit provides specialty insuranc...

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Administration Offers Consumers An Unprecedented Look at Hospital Charges

Hospital costsToday, as part of the Obama administration’s work to make our health care system more affordable and accountable, Health and Human Services (HHS) Secretary Kathleen Sebelius announced a three-part initiative that for the first time g...

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Specialist Team to Build Construction and Engineering Reinsurance Capabilities at Aon Benfield

Aon construction insurance

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, today launches a specialist team to address client challenges in the construction and engineering sector.

Led by Julian Wood, Aon B...

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New York Insurance Industry Wary of Legislative, Regulatory Action Following Sandy

regulations after SandyNew York insurers and industry trade groups have their eyes on the state's regulatory and legislative environment six months after Hurricane Sandy as the state deals with the aftermath of the late-season storm. Those in the New York insurance industry use words like "strident" when talk...

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Eight in New York Arrested in Alleged Cybercrime Thefts

CybercrimeEight alleged members of a global cybercrime organization have been arrested in New York. Those arrested are charged with stealing $45 million in an alleged scheme that included thefts from compromised bank account...

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