Global Economy
Zurich CEO Greco Reportedly Knocks Cross-Border Mergers
The European insurance sector is too fragmented but large cross-border deals are not the solution to the problem, the head of Europe's fifth-biggest insurer Zurich said in a newspaper interview on ...
Executives On The Move at Everest Insurance and AmTrust Financial Services
Everest Insurance added four new executives to its Financial Lines Team as part of a broader expansion of the line. AmTrust Financial Services appointed a new Head of Litigation. *** Everest ...
MS Amlin Reorganizes Operation, Shifts Leadership
MS Amlin, the London-based insurer and reinsurer, is rolling out a new operating model and senior leadership team in response to the recent decision by its parent company, MS&AD, to reorganize ...
U.S. Prosecutors to Pursue Criminal Probe of 6 Pharma Companies Over Opioid Shipments
Federal prosecutors are investigating six pharmaceutical companies for potential criminal charges in connection with shipping big quantities of opioid painkillers that contributed to a healthcare ...
InsurTech Cytora, MGA C-Quence Partner to Quicken Commercial P/C Underwriting Processes
Digital managing general agent C-Quence and InsurTech Cytora are partnering to advance broker processes for commercial property/casualty underwriting. C-Quence will launch its P/C line of products in ...
Global Temperature Jumps Could Bring ‘Wide-Ranging’ Consequences: U.N. Report
Global temperatures could rise sharply this century with "wide-ranging and destructive" consequences after greenhouse gas emissions hit record levels last year, international climate experts warned ...
German Museum Finds It Has No Jewel Insurance After $1B Theft
A day after burglars made off with priceless jewels from a German museum, pressure is growing on police to find the culprits. One big reason: The diamond-encrusted dagger, pearl necklace, and dozens ...
AIG Selling Bulk of Fortitude Re to Carlyle, T&D Holdings for $1.8B
American International Group plans to sell the bulk of Fortitude Re to private equity firm The Carlyle Group and Japanese insurer T&D Holdings for $1.8 billion. Plans call for a newly created ...