Risk
Reinsurance M&A Will Advance in Earnest: A.M. Best
It is early in 2015 and we've already seen a few major reinsurance M&A deals. Expect that trend to continue in earnest through the year as the market responds to some new realities, A.M. Best ...
Too Many Drinks on a Business Trip Can Heighten Employer Liability
Business workers U.S. are pursuing all kinds of risky behavior when on work-related trips, creating liability and reputational issues for their employers across the board, On Call International ...
GEICO to Launch National RV Tour, Starting With the Daytona 500
GEICO is Launching a national RV tour, starting with the Daytona 500 . The Berkshire Hathaway (and Warren Buffett)-owned company, which is also the second largest private passenger auto insurance ...
Endoscopies at L.A. Hospital Expose Patients to ‘Superbug’
A large Los Angeles teaching hospital has told scores of patients they were possibly exposed to a drug-resistant bacterial "superbug" during endoscopy procedures that infected seven patients and may ...
Allstate Sees Energy Bond Losses Deepen As Oil Prices Plunge
Allstate Corp., the largest publicly traded U.S. seller of auto and home insurance, said gross unrealized losses widened on energy bonds in the fourth quarter as crude prices plunged. Losses climbed ...
Swiss Re’s Restructuring Costs Slash Profit; $1.1B Share Buyback Begins
Swiss Re AG, swimming in excess capital from lower-than-expected disaster claims, reverted to share buybacks to return cash to investors after three years of paying special dividends. Following the ...
Ironshore Eyes ‘Strategic Growth Opportunities’ After Fosun Buys 20% Stake
China's Fosun International has completed plans to grab a 20 percent stake in Ironshore Inc., a billion-dollar insurance holding company led by former AIG executives. The Shanghai-based investment ...
Low Interest Rates Threaten Insurer Success in Europe: A.M. Best
Insurers and reinsurers alike could see some adverse affects from financial and social instability in the European Union, A.M. Best said in a new report. Points of concern range from quantitative ...