Strategy
AIG to Grow in Ireland With a Health Insurer Acquisition
American International Group is expanding its health insurance offerings with a new acquisition in Ireland. AIG said it will buy Layla Healthcare, Ireland's second largest health insurer, and that ...
Karen Clark Rolls Out New U.S. High-Res Storm Surge Model
Karen Clark & Co. is rolling out a new U.S.-focused high-resolution storm surge model. The catastrophe risk company said the new model brings advances to the market including fully transparent ...
Loeb’s Third Point Re Picks U.S. Location, Discloses Offering Plans
Third Point Reinsurance Ltd., the Bermuda- based company co-founded by hedge-fund manager Dan Loeb, has picked Short Hills, New Jersey, as the location for a new U.S. subsidiary. Shane Haverstick, ...
U.S. Supreme Court May Raise Bar For Housing Discrimination Suits
The U.S. Supreme Court is positioned to wipe out a major category of housing-discrimination suits, and civil rights groups are running out of ways to stop it. In arguments Wednesday in Washington, ...
Willis Group Reorganizes and Promotes a Key Executive
Willis Group Holdings plc has officially reorganized from three operating segments into four, and promoted a key executive as part of the changes. The global insurance/reinsurance broker and risk ...
QBE Selling U.S. Agency Biz For $300M
QBE Insurance Group Ltd. announced Tuesday that it is selling its U.S. agency businesses to California-based Alliant Services Inc. for about $300 million and exiting the distribution business. The ...
Hamilton Insurance Brings in Torus Vet To Develop Lloyd’s Business
Hamilton Insurance Group is bringing in the former head of Torus Insurance Holdings Ltd.'s international operations to lead development of its Lloyd's business, which will also be renamed. Dermot ...
Risk Expert Admits That Preventing Stupid Customer Decisions Isn’t Easy
Property cat losses were relatively low in 2014. That likely won't continue in 2015, in part because of the "stupid" decisions customers unavoidably make, a risk management expert said recently. "You ...