Emerging Markets
‘Monster’ El Nino Could Produce More and Stronger Events Over Next Decade
In Buffalo, it hasn't snowed yet this year. A Duluth, Minnesota, newspaper reported that the temperature was 40 degrees above zero, not below. And in Miami, beachgoers are staying indoors during ...
AIG Wants to Sell $750M Stake in Chinese P/C Insurer PICC
American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, is seeking $750 million by selling shares in PICC Property & Casualty Co. after ...
Executives On The Move at Chubb, ACE and Everest Re
Chubb appointed a temporary chief operating officer. It's future, $28 billion merger partner ACE Ltd announced much of the combined companies' Canadian leadership team. Everest Re extended the ...
Hiring Spree for Agents May Fuel Misselling Risk for Chinese Insurers
Chinese insurers are on a hiring binge, recruiting an army of agents to sell their products to a burgeoning middle class, but the risk of misselling by inexperienced agents on commission could prove ...
AIG Reportedly Axes Four Senior Real Estate Group Execs
American International Group Inc., the insurer that's been slashing jobs to cut costs, dismissed four senior members of its real estate business including the group's chief executive officer, Robert ...
U.S., China and Germany: 2014’s Largest Commercial Lines Markets
The U.S., China and Germany were the world's largest commercial lines markets in 2014, but emerging markets offered much higher growth rates, Finaccord found in a new report. Broken down, the U.S. ...
Ironshore Expands Into New Zealand Market
Ironshore Inc., now fully owned by Chinese mega-conglomerate Fosun Group, has entered the New Zealand market in a move that furthers its Asia Pacific expansion. Specifically, Ironshore International ...
The U.S. and China Will Expand a Planned Cybercrime Crackdown
U.S. and Chinese officials have agreed to expand cooperation to crack down on cybercrime as China's state- run news agency said a hacking attack on the U.S. Office of Personnel Management was carried ...