Commercial Lines
For AIG, Recruiting Duperreault as CEO Was an Expensive Proposition
American International Group's decision to recruit Hamilton Insurance Group CEO Brian Duperreault as its next leader won't come cheap. To begin with, AIG will pay Hamilton $20 million to release ...
Hamilton USA Worth About $110M to AIG; Macia Will Remain as CEO After Sale
American International Group's plan to acquire Hamilton USA is worth about $110 million, and its existing leader will remain in place once the deal goes through. The purchase price amounts to ...
AIG, Hamilton, Two Sigma Sign Agreement to Expand Data-Driven Underwriting
American International Group, Hamilton Insurance and an independent affiliate of Two Sigma Investments signed a multifaceted agreement with an eye on boosting their use of data-driven underwriting on ...
Many European, Asian Firms Lack Cyber Insurance for Ransomware Attack
Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little ...
UK Hospitals Hit in Worldwide Ransomware Attack
Extortionist hackers who may be using leaked computer exploits from the U.S. National Security Agency infiltrated computers in dozens of countries in a fast-spreading attack that forced British ...
Experts Expect Simultaneous Cyber Attacks on Multiple Companies: AIG
Nine in 10 global cybersecurity and risk experts said they believed that cyber risk is systemic and that simultaneous attacks on multiple companies were likely in 2017, according to a study by ...
Berkshire’s biBERK Still ‘Very Small’ But Online Small Biz Customers Doubling
It has been decades since anyone thought of Warren Buffett's Berkshire Hathaway Inc., or even its insurance operations, as "very, very small." But that's how a senior executive describes biBERK, a ...
Bermuda Insurers, Reinsurers Hammered by Ogden Rate Change, More Natural Catastrophe Losses
A big change in the Ogden rate and higher natural catastrophe losses are dampening a wide range of Bermuda-based insurer and reinsurer results in the 2017 first quarter, Standard & Poor's said in ...