Strategy
General Motors Dogged By More Ignition Switch Injury Claims
A program to compensate the victims of a faulty ignition switch in General Motors Co vehicles found last week that the part was linked to two additional deaths and four injuries, bringing the total ...
Insurance Tech Firm Ebix Faces Activist Investor Seeking Changes
Ebix Inc., a software supplier to the insurance industry, is being targeted by activist investor Barington Capital Group LP, which is seeking talks to nominate additional board members. Barington ...
Cyber Attacks Hit Catalan Govt. Computers During Independence Vote
Catalan government computer systems were attacked by professional-style hackers during the disputed independence vote on Nov. 9, putting basic services at risk, Regional President Artur Mas said. The ...
The Hanover Picks Lavey As Its New Head of Personal Lines
The Hanover Insurance Group has a new president in charge of personal lines coverage. He's a veteran executive of the Massachusetts-based U.S. property/casualty insurer who initially came on board a ...
Third Point Re CEO Berger Gains Contract Extension
The board of directors at Bermuda's Third Point Reinsurance Ltd. has renewed the contract of CEO John Berger for another three-year term. Berger will also continue as Third Point's Chief Underwriting ...AIG Closing Georgia Shared-Service Center; 420 Workers Impacted
American International Group Inc., the largest commercial insurer in the U.S. and Canada, is closing an office in Georgia with 420 workers. Some positions at the Alpharetta shared-service center will ...
James River IPO Could Raise Up to $288 Million
James River Group Holdings Ltd, a Bermuda-based insurance holding company, filed for an initial public offering of common shares that would raise up to $288 million. Hedge fund D.E. Shaw & Co ...
Aspen’s U.S. Arm Realigns Casualty Business
Aspen U.S. Insurance, part of the insurance segment of Aspen Insurance Holdings Ltd., announced Thursday that it has realigned its casualty business to better serve broker partners and deliver ...