Leadership & Strategy
Bond Insurer MBIA Hit By Data Breach; Wide Net of Damage Likely
Bond insurer MBIA was told two weeks ago about a server breach that compromised the data of thousands of local U.S. government entities, but it did not address the problem until earlier this week, ...
Willis Gains Swedish OK for $205M investment in Max Matthiessen
Willis Group Holdings plc said it's gotten a pivotal O.K. from Swedish regulatory authorities to complete its acquisition of a 75 percent stake in Max Matthiessen, a personal insurance, health plan ...
Aon Benfield: India, Pakistan Flooding 2014’s Costliest Weather Event So Far
The costliest weather event so far 2014 involved torrential monsoon rains and catastrophic flooding in India and Pakistan in September, Aon Benfield concluded in a new report. The firm's September ...
Cyber Insurance Market Will Surge, Lloyds CEO Predicts
Lloyd's of London Chief Executive Officer Inga Beale expects the market for cyber insurance to surge after hackers attacked some of the largest companies in the U.S., including JPMorgan Chase & ...
Allied World Grabs Blue Vista Stake
Allied World Assurance Co. agreed to take a stake in private-equity firm Blue Vista Capital Management LLC in a push into real estate investing. The insurer will also invest $225 million of its ...
Novarica Brings on Insurance IT Vet For Leadership Team
Novarica said it is bringing on an international insurance technology veteran as a principal to the company. Mitch Wein will be joining the firm on Nov. 1, working out of its New York office. He was ...
Capital Gains Mute P/C Industry H1 Operating Income Decline
The combined ratio for the property/casualty insurance industry became slightly worse in the first half of 2014, as net investment income declined and weak operating income continued. But net income ...
Zurich Insurance Group Has New U.K. Non-Life Head
Zurich Insurance Group AG, Switzerland's biggest insurer, named group controller Vibhu Sharma to head of general insurance operations for the U.K. Sharma, 48, will start in April, Louise Zucchi, ...