Investment Officers
AIG Unloads Stake in Lloyd’s Business; Strategic Relationship Remains
American International Group will sell off its 20 percent stake in the carrier's Lloyd's of London insurance operations – it's latest restructuring move. But the insurance giant will keep an ...
Allianz’s PIMCO Alleges Co-Founder Bill Gross Leaked Confidential Bonuses
PIMCO escalated its legal battle with estranged co-founder Bill Gross by saying he leaked confidential pay information to the media and may have destroyed documents in violation of court rules. ...
“Danger Phase” May Be Next for P/C Industry Loss Reserves
Property/casualty insurers and reinsurers have released redundant liability reserves into their earnings for the past eight years as a result of favorable loss development. This practice has worked ...
SAA Launches Online Database of Investment Manager Performance for Insurers
Late last week, Strategic Asset Alliance, an investment consulting firm that exclusively works with the insurance industry, announced the launch of an online database of the performance, people, ...
Reinsurance Capital Hits High of $585B for First Time: Aon Benfield
Reinsurance capital reached record levels in the first half of 2016, hitting a new high of $585 billion. Aon Benfield's latest Reinsurance Market Outlook report puts that number in perspective, ...
Ex-AIG Chairman Greenberg Seeks Vindication in 11-Year Lawsuit Battle
Even at 91, former American International Group Inc. Chairman Maurice "Hank" Greenberg isn't ready to quit fighting. Greenberg scrapped with regulators and the Internal Revenue Service and beat the ...
China Now Lets Insurers Invest in Hong Kong Stocks Via Link
China has opened up a new channel for insurers to invest in Hong Kong equities. Insurance funds are now allowed to buy the city's shares through an exchange trading link with Shanghai, the China ...
Europe’s Top Cedents Saw Cessions Jump by Double Digits in 2015: A.M. Best
Europe's top cedents reported a double-digit hike in cessions for 2015 compared to the previous year. The trend stems from their taking advantage of cheap and bountiful reinsurance capacity, A.M. ...