Emerging Markets
AIG CEO Hancock Streamlines Executive Team; Four to Depart
AIG CEO Peter Hancock revamped a committee of senior executives he initially formed more than a year ago in a bid to further boost efficiency and growth. The move will lead to the departure of four ...
Updated: Venezuela Volatility Hurt Liberty Mutual’s Q3
Liberty Mutual Holding Company continued to deal with the volatile Venezuelan market during the 2015 third quarter, from which it is pulling back. It also faced some energy related losses during that ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Executives On The Move at Hiscox USA, BHSI, Allied World and Novarica
Hiscox USA has a new head of claims; Berkshire Hathaway Specialty Insurance brought on a new exec for its Asia surety expansion; Novarica has a new vice president. Berkshire Hathaway Specialty ...
‘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 ...