Commercial Lines
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 ...
Executives On The Move at XL Catlin, State Auto and Endurance
XL Catlin's new hires and promotions enable continued U.S. growth in its global excess casualty business; State Auto named a new general counsel; Endurance Specialty Holdings hired a new reinsurance ...
New York Regulators Urge State/Fed Cooperation on Financial Sector Cyber Defenses
New York regulators are considering a host of cyber security requirements for banks and insurers and urged other state and federal authorities to collaborate on establishing a framework of defenses ...
Cooper Gay Swett & Crawford Puts North American Business Up for Sale
Cooper Gay Swett & Crawford is putting its North American business up for sale, the reinsurance broker disclosed on Nov. 13. Specifically, potential buyers will be sought out for CSGC North ...