Claims & Reserving
Tower Group Fields Unsolicited Offer From Eastern European Insurer
An Eastern European insurer based in countries including Romania, Bulgaria and Macedonia submitted a surprise bid to snatch up Tower Group International, an unexpected wrinkle in Tower's increasingly ...
Class Action Threat: Corp. Bylaws Can Make Suing and Losing Investors Pay Legal Costs, Says Delaware Supreme Ct.
Delaware's Supreme Court has ruled that corporations can adopt bylaws requiring an investor who sues and loses to pay the company's legal costs, potentially upending the economics of a booming type ...
As Expected, Munich Re’s Net Profit Fell During Q1
The world's largest reinsurer, Munich Re, reported an almost 5 percent drop in net profit in the first quarter, as a strong euro dragged down premium income. "Despite negative currency effects, we ...
AIG’s Q1 P/C Results Dip, But Execs Promise More Even Year
Two years after repaying a U.S. bailout, American International Group Inc. faces another challenge: a big decline in net income and a dip in property/casualty insurance results during its 2014 first ...
Strong Euro and Spanish Storms Batter MAPFRE’s Earnings
MAPFRE SA, Spain's biggest insurer, said first-quarter earnings fell 17 percent as the euro's strength limited growth in premiums and winter storm claims weighed on profit in its home market. Net ...
Asbestos Liabilities: The New (Old) Emerging Risk
The financial challenges presented by asbestos liabilities are not fading away as most insurance professionals have long hoped. In fact, A.M. Best raised its estimate of ultimate asbestos liability ...
Allianz to Face Shareholder Pressure Over Pimco Performance
Allianz shareholders will publicly press its top executives next week to address the underperformance of its Pimco fund management unit in the hope that the German insurer will look more closely at ...