Underwriting
Ex-AIG CEO Benmosche’s Posthumous Memoir Slams Wall Street Greed
Robert Benmosche, the former American International Group Inc. chief executive officer who repaid a U.S. bailout, left behind criticism for Wall Street after his death. "The commissions being charged ...
CNA Grabs More Chubb Veterans for Leadership Positions
CNA Financial Corp., majority-owned by the Tisch family's Loews Corp., hired Kathleen Ellis and Drew Feldman to be senior vice presidents as the property-casualty insurer picks up more veterans of ...
The Latest Launches from Willis Towers Watson, GEICO, Ironshore and AIR Worldwide
Willis Towers Watson unveiled a slew of new analytic tools targeted to cyber and other risks. An Ironshore arm beefed up its director's and officers liability coverage for financial institutions in ...
Swiss Re, Generali, Gulf Re Execs Tapped to Lead Aspen’s Dubai Expansion
Aspen Insurance Holdings Ltd. hired senior underwriting managers for a new Dubai reinsurance operation as the company seeks expansion in the Middle East and Africa. Peter Thompson, formerly of ...
BMW Debuts ReachNow Car-Sharing Service in Seattle; U.S. Expansion Eyed
Germany's BMW launched on Friday a car-sharing service in Seattle, where it will offer customers the use of 370 BMW and Mini vehicles, before expanding to other cities in the United States. ...
Ironshore Acquires Remainder of Tennessee Surety Bond Specialist
Ironshore Inc. is diving deeper into the surety market with plans to buy up the remaining 80 percent of an insurance holding company specializing in surety bonds that it doesn't already own. The ...
Wells Fargo Reaches $1.2B Settlement in U.S. Govt. Mortgage Suit
Wells Fargo & Co admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a U.S. Department of Justice ...
European Insurance Industry Fintech Upgrades Threaten Thousands of Jobs
The rush is on to replace people with software in Europe's insurance industry as cost cutting and automation become increasingly crucial to bolstering earnings. Zurich Insurance Group AG is ...