Leadership
Loeb’s Third Point Re Picks U.S. Location, Discloses Offering Plans
Third Point Reinsurance Ltd., the Bermuda- based company co-founded by hedge-fund manager Dan Loeb, has picked Short Hills, New Jersey, as the location for a new U.S. subsidiary. Shane Haverstick, ...
Willis Group Reorganizes and Promotes a Key Executive
Willis Group Holdings plc has officially reorganized from three operating segments into four, and promoted a key executive as part of the changes. The global insurance/reinsurance broker and risk ...
Risk Expert Admits That Preventing Stupid Customer Decisions Isn’t Easy
Property cat losses were relatively low in 2014. That likely won't continue in 2015, in part because of the "stupid" decisions customers unavoidably make, a risk management expert said recently. "You ...
RSA Reportedly Exploring Sale of Middle East Unit
RSA Insurance Group Plc is considering the sale of its Middle Eastern business as the U.K. insurer seeks to raise capital, people with knowledge of the matter said. RSA, whose operations span Europe, ...
Ex-NSA Director: P/C Industry Must Help Shape Cybersecurity Legislation
With Congress widely expected to focus on cybersecurity legislation this year, a former NSA director is urging the property/casualty industry to make its collective voice heard now. He said the ...
Sony CEO: Insurance Will Completely Cover Cyber Attack Costs
Over the past seven weeks, Sony Pictures' chief executive has dealt with the fallout from a cyber attack he likens to having your house robbed and burned to the ground. But the devastating hack, he ...
The Driverless Car Market Could Be Worth $42 Billion in a Decade
Vehicles that drive themselves on the freeway or take over in traffic jams may be on the road in large numbers by 2017 and autonomous cars might create a $42 billion market for the technology by ...
Qatar Re Appoints Ex- JLT Re CEO Speare-Cole as CUO
Qatar Re announced the appointment of Alastair Speare-Cole as chief underwriting officer, effective Jan. 12, 2015. He replaces Willi Schürch, who is retiring. Qatar Re CEO Gunther Saacke said that ...