Commercial Lines
Terrorism’s Global Property Damage Costs Highest Since 9/11 Attacks
In the wake of Friday's massacre in Paris, a new report says the world is paying the highest price for terrorism since the 2001 attack on New York's Twin Towers. In 2014, acts of terror cost the ...
AIG, Dealing With Pressure from Icahn, Amends Proxy Access Bylaws
American International Group Inc., the insurer pressured by activist investor Carl Icahn to split into three companies, amended its bylaws to allow certain shareholders to include director ...
Executives On The Move at ACE, Allianz and RenaissanceRe
ACE, prepping for its $28 billion acquisition of Chubb, named a new post-merger executive to replace one who is jumping ship. Allianz Global Corporate & Specialty has a new head of global ...
Aspen U.S. Launches Railroad Coverage
Aspen U.S. Insurance has appointed David Adamczyk as executive vice president of its new railroad business line, effective Nov. 30, 2015. He will report to Bob Rheel, president of Aspen U.S. ...
Insurance Software Maker Ebix Mulls $685M Offer For U.K. Rival
Insurance software provider Ebix Inc. is contemplating a $685 million offer for U.K. rival Xchanging plc. Ebix disclosed on Nov. 16 that it sent a letter to Xchanging's board of directors outlining ...
Buffett’s Berkshire Hathaway Selling Investments in Munich Re, Swiss Re, Goldman Sachs
Warren Buffett's Berkshire Hathaway Inc. on Monday said it reduced its stake in Goldman Sachs Group Inc. by 13 percent during the third quarter, paring a successful investment it made during the ...
This Season’s El Niño Will be Among the Strongest Ever Recorded
The current El Niño weather pattern, a phenomenon associated with extreme droughts, storms and floods, is expected to strengthen before the end of the year and become one of the strongest on record, ...
Robusto to Succeed Motamed as CNA CEO Late in 2016
CNA Financial Corporation announced the appointment of Chubb veteran Dino E. Robusto as its chairman and chief executive officer, effective on or about Dec. 1, 2016. Robusto is slated to succeed ...