Strategy
China’s Ping An Insurance Rolls Out Homebuyer Financing
Ping An Insurance (Group) Co., China's second-largest insurer, started a service financing down payments for potential homebuyers as more Chinese cities ease purchase restrictions to bolster sales ...AIG’s Chairman Says Leadership Change Follows Strategic Victory
The leadership transition at insurer American International Group Inc. is like switching generals after winning a war, Chairman Steve Miller said today. "We're changing generals as we move from ...
China Insurers Market “Naughty Child” Coverage and Other Innovations
Your child throws a tantrum and smashes something? Take out "naughty child insurance". Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of ...
JLT to Merge With Lloyd & Partners, Pursue U.S. Specialty Expansion
Jardine Lloyd Thompson Group plc (JLT) caught merger fever again. The provider of insurance, reinsurance and employ benefits-related advice and services said it would merge one of its divisions with ...
Asia Ripe For Reinsurance Expansion, Fitch Says
Softening premium rates in Asia and the market's broad potential for growth is spurring a regional spike in demand for reinsurance, Fitch Ratings has concluded in a new report. What's more, that ...
USAA Names New CEO From Within
USAA, the insurance and financial services giant, has named a longtime internal executive with experience running its property/casualty arm as its next CEO. Stuart Parker becomes USAA's new chief ...
JPMorgan, Other Banks Focus of Latest Cyber-Attack
JPMorgan Chase & Co., the biggest U.S. bank, said it increased defenses against computer hackers after an attack against the industry this month. The lender is working with U.S. authorities to ...
Dire Cancer Prognosis Sped Up Benmoshe’s AIG Departure
Robert Benmosche, who is stepping down this weekend after five years as American International Group Inc.'s chief executive officer, said he learned in May that he had nine months to a year to live. ...