Mexico Begins Digging Out from Destruction of Hurricane Willa

Article 0 Comments Residents on Mexico’s Pacific Coast on Wednesday began clearing up the wreckage left by Hurricane Willa, which ripped through towns overnight, tearing off rooftops, downing power lines and splitting trees apart. Willa, a powerful Category 3 hurricane, hit the northwestern state of Sinaloa late on Tuesday as […]

Mexican Insurers Will Absorb Losses from Hurricane Willa: A.M. Best

Article 0 Comments Mexico’s insurance industry overall remains well-capitalized and can absorb the financial impact generated from Hurricane Willa, according to an A.M. Best briefing. Hurricane Willa made landfall on Oct. 23 on Mexico’s Pacific Coast (approximately 300 miles west of Mexico City) as a Category 3 hurricane, which has […]

Global Insurers Realize Innovation Is Critical for Future Success: A.M. Best Survey

Article 0 Comments A significant majority of global insurers understand that innovation is increasingly becoming a competitive differentiator in the global marketplace, according to the results of an A.M. Best survey of its rated entities. More than 80 percent of survey respondents said that innovation was moderately to extremely critical […]

Bermuda Market to Stay Key Reinsurance Hub Despite U.S. Tax Reform: A.M. Best

Article 1 Comments Bermuda will continue to be a key international hub for reinsurance despite being challenged in recent years, most recently by tax reform in the United States, which fundamentally changed how multinational entities are taxed. How the territory’s market has responded to evolving regulation and adjusted to competition […]

UK Insurers Push Ahead with Brexit Plans in Absence of Trade Deal: A.M. Best Report

Article 0 Comments In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business continuity after Brexit, according to a report published by A.M. Best. The ability to continue […]