Leadership & Strategy
Third Point Reinsurance Plans to Raise Up to $322.2M in IPO
Third Point Reinsurance Ltd., which counts hedge-fund manager Daniel Loeb as a founding shareholder, said it plans to raise as much as $322.2 million in an initial public offering. The company, ...
Berkshire Beats Bond Rout, Other Insurers By Avoiding Bonds
Warren Buffett's preference for buying stocks and whole companies rather than bonds is helping Berkshire Hathaway Inc. weather a spike in interest rates better than other insurers. Book value rose 2 ...
AIG to Move Headquarters to Water Street; Eyes Shifting Jobs to Texas, Malaysia
American International Group Inc., the insurer that reinstated a dividend yesterday, will move its headquarters to a building it owns at 175 Water St. in lower Manhattan as the lease expires at a ...
Meadowbrook To Seek ‘A’-Rated Partnership In Wake Of A.M. Best Downgrade
Following a downgrade of its financial strength ratings (FSR) to "B++" from "A-" by A.M. Best Co. on Friday, Meadowbrook Insurance Group announced that it will seek to make arrangements with an ...
Insurer Challenges In ‘Adapting’ To The Climate Change Resilience Gap
The frequency and severity of natural catastrophe impacts to built assets are increasing. Governments and their taxpayers are taking increasing shares of disaster relief from such events, creating an ...
Axa, Allianz Report Improved P/C Results; Axa CEO de Castries to Stay On
Axa SA, Europe's second-largest insurer, said first-half operating profit gained 14 percent, beating estimates on higher property/casualty earnings. Axa jumped as much as 3.9 percent to a three-year ...
Wall Street Brokers Support Removing Liability Shield for Stock Exchanges
The government should strip U.S. stock exchanges of the legal status that protects them from most lawsuits, a trade group for brokers said. In a letter to the Securities and Exchange Commission, the ...
Provider Excess Insurance in High Demand: Survey
Evolving reimbursement models for healthcare providers are fueling a surge in demand for provider excess insurance with industry experts forecasting a jump in premiums of 15-30 percent in 2013, ...