Global Economy
AIG Hires Novae Veteran as New Reinsurance Head
American International Group brought on a former Novae group executive to lead its reinsurance and other divisions. Charles Fry joined the company as head of Reinsurance, Operations and ...
AIG Will Sell Medical Stop-Loss Operations to Tokio Marine HCC
Tokio Marine HCC plans to acquire the medical stop-loss operations of American International Group. Neither side is disclosing financial terms in the deal, which is expected to close on Oct. 15. But ...
AIG Freed From Tighter Scrutiny Due to Business Changes: Fed Chair Yellen
Federal Reserve Chair Janet Yellen said freeing American International Group Inc. from the tight scrutiny tied to its too-big-to-fail label is an example of the process working properly -- proving ...
The Latest Launches From Willis Towers Watson, Beazley/Generali and RMS
Willis Towers Watson launched an active shooter/armed intruder readiness program for senior living communities. Beazley is partnering with Generali Brazil to manage data breaches for Generali's ...
SCOTUS Considers Right of Workers to Bring Class-Action Claims; Court Divided
Liberal U.S. Supreme Court justices on Monday defended the right of workers to bring class-action claims against companies but their conservative counterparts who are in the majority sounded ...
Blockchain Insurance Industry Initiative Expands With 23 New Members
The Blockchain Insurance Industry Initiative (B3i) announced it has expanded with 23 new brokers and re/insurers entrants, which will help with B3i's upcoming market testing program. B3i's new ...
A Roundup of Major Insurer/Reinsurer Hurricane and Quake Losses Thus Far
Losses from Hurricane Maria and other recent 2017 natural catastrophes—including hurricanes Irma and Harvey, the Mexico City earthquakes, and other events—have led global insurers and reinsurers ...
Appeals Court Overturns $663M Trinity Guardrail Judgement
Trinity Industries Inc. won't have to pay a $663 million judgment that was awarded in a whistle-blower lawsuit alleging the company defrauded the U.S. government with a faulty highway guardrail ...