Global Economy
Executives On The Move at CNA, Enstar and Marsh
CNA promoted one of its veteran executives to run its Middle Market business. Enstar appointed an acting CFO after its current one resigned to pursue other opportunities. Marsh hired two former ...
Natural Catastrophe Losses Reached $40B in H1 2021, Hovering Near Record: Swiss Re
Estimated insured losses from natural catastrophes reached $40 billion during the first half of 2021 — driven by a deep winter freeze, hailstorms and wildfires — while man-made disasters ...
Insurance Broker Gallagher Seals Deal to Acquire Willis Re
Insurance broker Arthur J Gallagher & Co said on Friday it had agreed to buy the treaty reinsurance brokerage business of Willis Towers Watson for an initial consideration of $3.25 billion. The ...
Argo Group Makes Four Executive Appointments as Part of Streamlining Effort
Specialty insurer Argo Group International Holdings, Ltd. has made a number of new executive appointments designed to help streamline its organizational structure. "These organizational changes will ...
Bayer Loses Yet Another Appeal of Roundup Weed Killer Cancer Verdict
Bayer AG's Roundup woes deepened as it lost another appeal of a jury verdict finding its weed killer causes cancer, the company's third consecutive appeals court loss of the cases that have gone to ...
Record Disaster Claims Slam German, Chinese Insurers as Extreme Weather Intensifies
Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential losses of $6.5 billion and $1.7 billion, respectively, ...
Aviva Will Return $5.5B to Investors; Activist Shareholder Wants More
British insurer Aviva pledged on Thursday to return at least 4 billion pounds ($5.5 billion) to shareholders, sending its shares surging, but activist investor Cevian Capital demanded more. Cevian, ...
Zurich CEO Greco Advocates Carbon Tax to Punish Polluters
Zurich Insurance Chief Executive Mario Greco wants governments to levy a carbon tax and remove the incentive for socially irresponsible companies to maximize profits by polluting the environment, he ...