Leadership & Strategy
AXIS Capital Holdings’ Board O.K.’s New $750M Share Repurchase
AXIS Capital Holdings Ltd. plans to repurchase $750 million in its common shares over the next two years, adding to an already sizable buyback of a few billion dollars worth of shares. The ...
Swiss Re, Prudential, Eye African Reinsurance and Pension Opportunities
A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and ...
Willis Group Hires Swiss Re Vet For New Collaboration-Centric Executive Slot
Willis Group Holdings has created a new executive position focused on boosting collaboration within the company. A veteran of Swiss Re and elsewhere will fill the slot. Stefan Spohr is now the ...
China’s Ping An Insurance May be Investing in Frankfurt Building
Ping An Insurance (Group) Co., China's second-largest insurer, has submitted a bid for The Squaire building in Frankfurt, people with knowledge of the matter said. The Squaire, a ship-like office and ...
AIG CEO Urges More Private Industry Input for Flood Programs
American International Group Inc. Chief Executive Officer Peter Hancock cited government student lending and flood insurance as programs that could benefit from the perspective of private businesses. ...
Program Market a Target for Expansion, Good & Bad
The program insurance business market enjoyed its third consecutive year of growth in 2013 and appears on track to continue its expansion. However, while program business is attracting new interest, ...
Third Point Re is Launching Formal U.S. Operations
Third Point Reinsurance Ltd. has disclosed plans to set up formal U.S. operations. Thomas Wafer and Jonathan Norton have been hired to help establish and manage the group's new setup. Both are ...
Takata Irks Regulators by Rejecting Broader Air Bag Recall Request
The top U.S. auto-safety regulator told lawmakers there is no way Takata Corp. can justify limiting an air bag recall to only high-humidity states. David Friedman, the deputy administrator for the ...