Investment Officers
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. ...
St. Jude Medical Short Seller’s Heart Device Allegations Spur Lawsuit
St. Jude Medical Inc on Wednesday filed a lawsuit against short-selling firm Muddy Waters and cyber security company MedSec Holdings Ltd, saying they intentionally disseminated false information ...
Allianz InsurTech Incubator Names Startup Vet as New CEO
Allianz X, a revamped division of Allianz focused on developing new InsurTech concepts and companies, has turned to a telecom industry startup expert as its new CEO. Peter Borchers is slated to ...
Insurance Companies, Pension Funds Carve Out Large Piece of Currency Trading
Non-bank financial institutions like insurance companies, mutual funds and pension funds account for more than 50 percent of daily turnover in the currency market, a survey of the foreign exchange ...
Cat Bond Payments Match Traditional Reinsurers on Reliability Scale: S&P
Some traditional reinsurers have asserted that catastrophe bonds are unreliable in terms of paying claims after major events. A new Standard & Poor's article rebukes that idea. "We have explored ...
China Online P/C Insurer Mulls U.S., Hong Kong IPO
Zhongan Online P&C Insurance Co., with more than 400 million customers, is targeting an initial public offering in the next 12 to 18 months as it targets winning over more younger consumers. ...
P/C Insurance Operating Income Dropped by Double Digits in Q1: Fitch Ratings
Property/casualty insurers in North America saw their operating income decline by double digits in the first half of 2016, as investment income plunged and catastrophe losses rose. Fitch Ratings ...
Allianz’s PIMCO Boosts Treasuries Stake to 25-Month High
Pacific Investment Management Co.'s Total Return Fund increased its stake in U.S. government debt to a 25-month high in July as rally in Treasuries pushed yields to an all-time low and then fizzled. ...