Risk
Aspen Plans $500M Share Repurchase Program
Aspen Insurance Holdings Ltd. announced plans to move ahead with a $500 million share repurchase program in 2015. The plan is effective through Feb. 6, 2017, and enables Aspen to pursue share ...
AIG Exec to Lead Berkshire Hathaway Specialty Insurance’s Energy Risk Expansion
Berkshire Hathaway Specialty Insurance said its U.S. property underwriting division will now include energy and related technical risks, and an AIG executive has been named to lead the new line of ...
Anthem Targeted in Massive Cyber Attack; Tens of Millions Affected
Anthem Inc., the second biggest U.S. health insurer by market value, said hackers obtained data on tens of millions of current and former customers and employees in a sophisticated attack that has ...
EXCLUSIVE: Spain’s MAPFRE Grabs MiddleOak’s Personal Lines Business
Spanish insurance giant MAPFRE SA has said it wants to expand and is eying acquisitions in both Europe and the U.S. Barely two months into 2015, it has pulled the trigger on one such deal in New ...
W.R. Berkley Sees a Q4 Dip in Net Income
W.R. Berkley Corp. reported a stellar fourth-quarter in terms of premium growth, but net income dipped at year-end due in part to investment return challenges. Berkley's 2014 Q4 net income is booked ...
AXIS CEO Benchimol Sticks to Script on $11B PartnerRe Merger Deal
Early on in the fourth-quarter earnings call for AXIS Capital Holdings Ltd., company president and CEO Albert Benchimol warned that he and his team would be able to say very little about a planned ...
Europe’s Bond-Buying Program Could Push Insurers Toward Riskier Assets: Analysts
The European Central Bank's bond-buying program may lead insurers to load up on riskier assets at the expense of financial stability, analysts at Sanford C. Bernstein said. Quantitative easing "might ...
Canada’s Intact Financial Nearly Doubled Quarterly P/C Profit
Intact Financial Corp, Canada's largest property and casualty insurer, reported a near-doubling in quarterly profit, driven by higher underwriting income as claims related to natural disasters fell. ...