Strategy
India Reaches Insurance Deal With U.S. That Could Propel Nuclear Power Expansion
Prime Minister Narendra Modi and U.S. President Barack Obama unveiled a plan centered on insurance on Sunday that they hope will convince U.S. companies to build nuclear power stations in India, but ...
Bermuda Reinsurers AXIS Capital and PartnerRe Will Merge in Massive Deal
AXIS Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry. ...
State Auto Risks Moody’s Ratings Downgrade
State Auto Financial Corp. might end up getting a ratings downgrade from Moody's Investors Service in the wake of news that it strengthened reserves by $72 million pre-tax in the 2014 fourth quarter. ...
Willis Beefs Up China Operations With Expansion in Mind
Willis Group Holdings plc, a global insurance and reinsurance broker, is beefing up its operations in China to drive further expansion there. The primary effort revolves around a series of promotions ...
Travelers: $224M in Energy-Related Junk Bonds is ‘Manageable’
Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, had about $224 million of energy-related bonds that were rated below investment grade as of Dec. 31. The ...
Travelers CEO Fishman, Facing Neuromuscular Condition, Reduces Outside Duties
Travelers Cos. Chief Executive Officer Jay Fishman is reducing his activities that aren't tied to the company after being diagnosed with a neuromuscular condition. "I have already begun to cut back ...
XL Group Expands in Texas
XL Group, a global insurance and reinsurance company, is expanding its operations in Texas. Specifically, the company said it is boosting global risk management, construction specialty and inland ...
AIG, Aspen and More Link to Access Underserved Developing Markets
A number of insurance stalwarts including American International Group and Zurich Insurance Group plan to launch microinsurance ventures designed to improve risk protection for underserved markets in ...