Strategy
XL Launching VC Initiative to Fund Innovation
XL Group has announced the creation of a new venture capital initiative, XL Innovate. XL Innovate will be financially backed by XL and will invest in companies that have a strategic focus on ...
Zurich Canada Rolls Out Sophisticated Drone Coverage For Corporate Clients
Zurich's Canadian arm unveiled a new drone insurance package designed for corporate clients. It's designed to appeal to multiple industries that do business in the country and address coverage gaps ...
Executives On The Move at AIG, Willis, QBE and More
AIG, Willis, QBE and Westfield Insurance all recently made some executive promotions and appointments. *** American International Group appointed veteran Mercer executive Gaurav Garg as CEO, Personal ...
W. R. Berkley Combines U.S. Broker Reinsurance Units
W. R. Berkley Corp. announced Monday that it has combined its U.S. broker reinsurance units, Berkley Re America and Facultative ReSources, into a single operating unit that will trade under the ...
Sapiens to Acquire IBEXI
Global software provider Sapiens International Corp. has signed a definitive agreement to acquire IBEXI Solutions Private Ltd., a business and technology solutions provider based in India. The ...
Endurance Acquiring Montpelier for $1.8B
Endurance Specialty Holdings Ltd. and Montpelier Re Holdings Ltd. announced a merger deal today, which will have Endurance acquiring Montpelier in a stock-cash deal for roughly $1.8 billion. ...
Ex-Fireman’s Fund CEO LaRocco Named State Auto’s New Leader
An ex-Fireman's Fund CEO will become the new leader of State Auto Financial Corp., replacing the company's long-time leader as he readies for retirement. Michael LaRocco assumes the president and CEO ...
AIG Raises $500M Through Sale of Shares in China P/C Giant
American International Group Inc. said it sold part of its holding in PICC Property & Casualty Co., China's biggest non-life insurer, for about $500 million. AIG, the largest commercial insurer ...