Brand Management & Sales
Detroit Bankruptcy Boosting Appeal of Insurance for Municipalities
Detroit's record bankruptcy may cost bond insurers more than $1 billion in claims. Yet the filing is also boosting the appeal of guaranteed municipal debt as the companies pledge to cover Motor City ...
Most Insurers Expect to Boost Revenues, Add Jobs in Next 12 Months: Survey
The majority of property/casualty insurers are expecting to hire more staff over the next 12 months, according to a survey from insurance recruiting firm The Jacobson Group and consulting firm Ward ...
Lloyd’s Insurers Face More Bond Losses on Fed Reserve Tapering
Insurers in the Lloyd's of London market, sideswiped by the Federal Reserve's plan to scale back debt purchases, may face more losses as rising Treasury yields erode the value of their short-term ...
Fairfax Wins Catalina’s Support for Deal to Buy American Safety
Fairfax Financial Holdings Ltd., the Toronto-based insurer led by investor Prem Watsa, won support from Catalina Holdings Bermuda Ltd. to proceed with a deal to buy American Safety Insurance Holdings ...
Blackstone in Talks to Buy Stake in Goldman’s U.K. Insurer: Source
Blackstone Group LP, the world's biggest private-equity firm, is in talks to buy a stake in Goldman Sachs Group Inc.'s European insurance business, according to a person with direct knowledge of the ...
Hong Kong’s Li Eyes Ex-AIA Deputy as CEO for New Insurer
Hong Kong businessman Richard Li, the youngest son of Asia's richest man, will appoint a former top executive at AIA Group Ltd as the CEO of his new insurance company, according to people with direct ...
Opinion: The Reinsurance Market Needs More Distribution, Not Less
It is a well-known axiom that for free markets to exist, access must be unencumbered. The more players there are, the more efficient a market will be. Unfortunately for those of us in the reinsurance ...
Zurich’s Hogan Rejoins AIG As Consumer Insurance CEO
American International Group has named Kevin Hogan as chief executive officer of AIG Global Consumer Insurance. Hogan, who previously had a 24-year career at AIG, is expected to formally rejoin AIG ...