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KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
Catastrophe risk management firm Karen Clark & Co. (KCC) said privately insured losses from wind and storm surge during Hurricane Isaias will be about $3 billion, making the storm one of the most manageable for insurers in recent years.AM Best...
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Zurich Insurance Completes Acquisition of Beazley, Names New Beazley CEO
Zurich Insurance Group has completed its £8.1 billion ($10.7 billion) acquisition of Lloyd’s insurer Beazley, effective Oct. 1.Beazley shares were suspended from the London Stock Exchange on Oct. 1, while delisting occurred the following...
