Strategy
RenaissanceRe’s CFO Will Also Assume COO Duties
RenaissanceRe Holdings is dealing with some changes in a few of its executive leadership slots. Executive Vice President and CFO Jeffrey Kelly will become chief operating officer but also continue as ...
Willis Brings on AIG Exec to (Eventually) Run U.K. Insurance Arm
A veteran AIG executive is set to become the next CEO of Willis Group Holdings' U.K. insurance arm, but the transition process will be a gradual one. Nicholas Aubert has been named "chief executive ...
Report: China’s Anbang Insurance Mulling a $2B IPO
Anbang Insurance Group Co., the Chinese insurer buying New York's Waldorf Astoria hotel, is planning an initial public offering that could raise about $2 billion, people with knowledge of the matter ...
Cathay Financial Holding to Acquire Conning
Financial services provider Cathay Financial Holding Co. Ltd. announced Wednesday that the board of directors of its subsidiary, Cathay Life Insurance Co. Ltd., approved the acquisition of global ...
Survey: Cyber Attacks + Terrorism Top Reinsurance Worries
Cyber attacks and terrorism may be shaping up as the big emerging risks reinsurers face in 2015. About 40 percent of industry respondents to a recent Guy Carpenter & Co. survey said cyber attacks ...
Global Insurers Bidding for Turkey’s Halkbank Insurance/Pension Arms
Insurers from Europe, Asia and the United States are among some 20 potential bidders in the sale by Turkey's state-run Halkbank of its pension and insurance arms, three sources close to the process ...
Liberty Mutual Discloses Major Q3 Gains
Liberty Mutual Holding Company concluded its 2014 third quarter with another jump in net income, higher revenues, a new reinsurance agreement and more than $1 billion in debt raised to help ...
Allied World Makes Buy in Bid to Boost Its Specialty Coverage
Allied World Assurance Company Holdings is making an acquisition designed to boost its specialty coverage business involving trade credit and political risk. The Swiss property/casualty and specialty ...