Risk
AIG’s Schimek Sees Continued Combined Ratio Improvement in 2017
AIG has made good progress toward achieving its strategic goals of creating "a leaner, more focused, highly profitable commercial insurance organization," according to Robert S. Schimek, executive ...
AIG to Lose $430M on Fuji Sale, Gain $300M on Seoul Transaction
American International Group Inc., the insurer that's shrinking to free up capital for shareholder buybacks, said it expects to book a loss of about $430 million on the previously disclosed deal to ...
With Brexit, UK Govt. Should ‘Refine Not Replace’ Solvency II: ABI
Rather than replacing Solvency II entirely when the UK leaves the European Union, regulators need to refine EU's insurance regulation to make it more appropriate for the UK market and customers, ...
It Could Happen. But How Much Would Calif. Quake Impacting Both NorCal, SoCal Cost?
A large earthquake along the San Andreas fault impacting both Northern and Southern California at the same time could wreak much more havoc than previously thought. In fact, such an event was ...
Verisk Acquires UK Geographic Data Group
Verisk Analytics, Inc., a data analytics provider, announced the acquisition of The GeoInformation Group, a participant in the field of geographic data solutions based in Cambridge, United Kingdom. ...
Executives On The Move at Chubb, Allied World, Lockton and More
Allied World brought on two former AIG executives to help run operations in Asia. Chubb named a new executive to lead its Real Estate & Hospitality Industry practice, after the previous executive ...
The Third-Party Capital Juggernaut Continues Unabated: Standard & Poor’s
Perhaps the good news for U.S. property catastrophe reinsurers is this: the influx of third-party capital to their sector has slowed. The reality remains, however, that its growth continues to ...
Hannover Re Soars Toward a Possible $1B Profit for 2016
German reinsurer Hannover Re could make a net profit of 1 billion euros ($1.1 billion) this year while the dividend payout is likely to be in line with last year, the firm's chief financial officer ...