Commercial Lines
White Mountains Closes $2.6B Sale of Reinsurer Sirius to China Minsheng Investment
White Mountains Insurance Group Ltd. completed its $2.6 billion sale of Sirius International Insurance Group to a division of China Minsheng Investment Corp. Ltd., nine months after the deal with ...
TigerRisk Partners Lures Swiss Re Exec to Help Further ILS Business
TigerRisk Partners is tapping a former Swiss Re executive to help shape and grow its insurance-linked securities business. Philipp Kusche has been appointed partner and global head of ILS and capital ...
Obama Administration Unveils New Offshore Oil Well Safety Rules
The Obama administration last Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc rig in the Gulf of Mexico. The Interior Department's ...
Japan Earthquakes Leave Rising Death Toll, Economic Impact in Their Wake
The death toll from earthquakes that struck southern Japan rose to 42 and the economic impact began to reverberate Monday as companies surveyed damage and the potential effects on production from ...
Chubb Ranks Best in D&O Loss Ratio But Still Trails AIG in Premiums
The Chubb Corporation continued to report the best direct loss ratio for U.S. directors and officers liability insurance last year, according to a report released by Fitch Ratings last week. But ...
Death Toll in Massive Ecuador Quake Rises to 233
The death toll from a 7.8-magnitude earthquake in Ecuador has risen to 233, President Rafael Correa said a day after the quake on the South American country's northwest coast, one of the strongest in ...
Executives On The Move at XL Catlin, Hamilton and Ironshore
Hamilton Underwriting hired on a new head of professional indemnity. An Ironshore executive appointment will focus on complex risk exposures involving war and terrorism, and kidnap and ransom, and be ...
Chubb Deal with China Retailer Gives It Access to Massive Online Customer Base
Chubb Ltd. is linking up with one of China's largest and most recognized retailers in a deal that gives it access to and online customer base of as many as 230 million people. Financial details of ...