Leadership & Strategy
Allied World Europe Acquires Renewal Rights to Markel’s Aviation Business
Allied World Europe will acquire the renewal rights to a book of aviation business written by Lloyd's Syndicate 1400 and Markel Europe plc, Allied World and Markel International announced on ...
Meadowbrook Says Surplus Relief Re Deal with Swiss Re No Longer Needed
Meadowbrook Insurance Group, Inc. announced Wednesday that the company and Swiss Re have mutually agreed to terminate a quota-share reinsurance agreement that was put in place late last year. In ...
Monsanto Acquiring Weather Data Modeler, Farm Insurer Climate Corp. for $930 Million
Monsanto Co., the world's largest seed company, agreed to buy The Climate Corp. for about $930 million to provide farmers with weather data and agronomic modeling to boost yields and manage risk. ...Guy Carpenter Targets E&S Carriers with Specialty Practice
Guy Carpenter & Co., a global risk and reinsurance intermediary specialist and member of Marsh & McLennan Cos., announced the launch of its new Excess & Surplus Lines Specialty Practice. ...
Reinsurance Deals Inked to Help Troubled Tower Group
Tower Group International, Ltd. said Tuesday that it is ceding more than 20 percent of its commercial liability business and 30 percent of its workers comp business to three reinsurers under pro-rata ...
CNA Said to Seek Buyer for $500M Annuities Unit: Bloomberg Sources
CNA Financial Corp., the insurer controlled by Loews Corp., is looking to sell its payout annuities business to focus on property and casualty coverage, three people with knowledge of the matter ...New York’s Regulator Urges Obamacare-Like Standardization of Homeowners Policies
Homeowners' insurance needs to be more standardized because customers are confused about what their policies protect, New York's financial regulator said. Few fully understand all the complexities of ...
CFO Pay Change Lags CEOs’ for Non-Bank Financial Services Firms: BDO Analysis
Chief financial officers of non-bank financial services firms saw lower percentage increases in compensation than chief executives in 2012, although the pay hikes for both C-suite positions were ...