Emerging Markets
Price Tag for Paris Climate Change Deal: $12.1 Trillion Over 25 Years
If the world is serious about halting the worst effects of global warming, the renewable energy industry will require $12.1 trillion of investment over the next quarter century, or about 75 percent ...
Icahn, Dissatisfied with AIG’s Actions, Makes His Next Move
Carl Icahn, the activist investor calling for a breakup of American International Group Inc., said the alternative plan presented last week by the insurer's chief executive officer was inadequate and ...
Executives On The Move at Progressive, Starr, Willis Towers Watson, Marsh and More
The Progressive Corp. has a new chief information officer. Starr Companies hired on an executive who will help grow its general aviation risks business. A Marsh division has a new global CEO. ...
A.M. Best Places AIG’s Financial Strength Rating Under Review, with Negative Implications
AIG's massive strategic plan - including a move to boost its loss reserves - caught the attention of A.M. Best. The ratings outfit is not impressed. The financial strength rating for American ...
Insurance Industry M&A Set to Surge: Willis Towers Watson
Insurance industry M&A activity will intensify, rather than dissipate, over the next few years, according to a Willis Towers Watson survey of senior insurance executives. Approximately 82 percent ...
Executives On The Move at XL Catlin, Allied World, RSA and Everest Re
XL Catlin brought in a new claims executive. Allied World hired a former XL Catlin executive to help guide its professional liability business. A pending resignation at RSA spurred several new ...
AIG Keeps DeMaio in Charge of Mortgage Unit as Sale Options Mulled
American International Group Inc.'s Donna DeMaio, who has management duties for several different segments of insurance, was designated to stick with the mortgage-guaranty subsidiary that the company ...
Inadequate Brazil Leaders Compound Commodities Slump: Chubb CEO Greenberg
Evan Greenberg, the chief executive officer of Chubb Ltd., said Brazilians can blame their country's leaders, and not just a commodities slump, for the nation's woes. "The economic environment, the ...