Strategy
Andrew Carrier Jumps from Argo to Everest Re
Bermuda holding company Everest Re Group Ltd. is bringing on Andrew Carrier as the new president of Everest Advisors, U.K. and general manager of European Operations. Carrier was most recently chief ...
Summer Reading: A Recommendation from Bill Gates and Warren Buffett
What should business executives be reading this summer? If the opinions of billionaires Bill Gates and Warren Buffett carry any weight, then the book to grab is "Business Adventures" by John Brooks. ...
Zurich Restructures Contract Surety Teams to Align with Mid-Market, National Customers
On Thursday, Zurich North America announced the creation of two dedicated contract surety teams focused on specific customer segments—one for middle market contract surety and one for large ...
ACE Takes Steps to Expand European Surety Business
ACE Group said it is launching a number of new surety products in the Netherlands, Belgium and Luxembourg, as part of a broader expansion of its surety capabilities in Europe. The new products will ...
Swiss Re Sees Emerging Risks in Smart Cities and Rubber Tree Plants
Property/casualty and other insurers face a number of new emerging risks, and they're not necessarily what, or where, you'd think. Technological issues relating to smart cities, plant pathogens that ...
ACE Buying Itaú Seguros for $685M to Become Top P/C Insurer in Brazil
ACE Limited announced Friday that it will acquire the large corporate property/casualty business of Itaú Seguros, S.A. from Itaú Unibanco S.A. for roughly $685 million—a deal that will make ACE ...
Zurich Sells Underperforming Russian Retail Unit to Olma Group; Keeps Corporate Biz
Zurich Insurance Group AG, the largest Swiss insurer, said the sale of its Russian retail unit will lead to an estimated loss of about $300 million. The insurer said it is selling the business to ...
Allianz: Many U.S. Residents Want Foreign Vacation Insurance Coverage
Nearly half of Americans would consider buying travel insurance for future foreign vacations due to recent world events, according to a new survey. The finding is among the conclusions contained in ...