Commercial Lines
Allianz Division PIMCO Fights Back Against Co-Founder Bill Gross’s Lawsuit
Pacific Investment Management Co. fired back at the co-founder who oversaw the firm's ascent for 43 years, saying Bill Gross's lawsuit over his departure looks more like a screenplay than a legal ...
TigerRisk and Gen Re: Influx of Capital From Asia a Trend Worth Watching
Recent M&A-related investment from Asia offers yet another twist in the ongoing influx of new capital that has fostered uncertainty among insurers and reinsurers alike. Some insiders view the ...
Two Former XL Catlin Execs to Launch Aspen’s Singapore Operations
Two XL Catlin executives have jumped ship, signing on with Aspen Insurance Holdings Ltd. to help launch and grow its Singapore operations. Yann Marmonier will lead Aspen's Singapore business, and ...
Apple Win: Judge Tosses Suit Over Retail Worker Bag Searches
Apple Inc. persuaded a judge to throw out a lawsuit by employees of the company's retail stores in California seeking back pay for time spent in "demoralizing" security searches when they left work ...
Zurich to Slash 440 Jobs at U.K. General Insurance Unit
Zurich Insurance Group AG plans to cut 440 jobs at its U.K. general-insurance unit as part of a cost- cutting program. Zurich is also seeking to simplify its organizational structure, the company ...
What’s Ailing Zurich Insurance?
Change is underway to reshape some ailing General Insurance business at Zurich Insurance Group, according to the new chief executive for the unit, who described a corrective focus on profitability ...
Berkshire’s Q3 Buoyed by Investment Gains as Reinsurance Earnings Decline
While overall net income for Berkshire Hathaway more than doubled in the third quarter on the strength of more than $5 billion in investment gains, operating earnings from insurance businesses fell ...
Is Climate Change The Next Tobacco? NY AG Seen Using Martin Act in Exxon Probe
A near century-old statute that gives New York state prosecutors unusually broad authority to prosecute securities fraud could prove a powerful weapon as Attorney General Eric Schneiderman probes ...