Global Economy
Executives On The Move at XL Catlin, Allied World, Marsh and More
XL Catlin named a new executive to help run its Asia Pacific region. Two divisions at Allied World filled important leadership slots. Marsh promoted one of its own to be U.S. HealthCare Practice ...
BlackBerry Lawsuit Gets Second Chance in Lower Court
A U.S. appeals court on Wednesday upheld the dismissal of a lawsuit accusing BlackBerry Ltd of fraudulently inflating its stock price by painting an upbeat picture of the prospects for its BlackBerry ...
VW to Begin Environmental-Suit Settlement Talks With Some States
Volkswagen AG will start negotiating with a group of U.S. states to settle lawsuits filed over claims the carmaker violated their environmental laws by equipping vehicles with software to manipulate ...
Report: AIG In Early Talks to Sell Lloyd’s Insurance Business
American International Group Inc is in early talks to sell Lloyd's of London Ltd's insurance operations to Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported on Tuesday. ...
Allied World Nabs Ex-Travelers Exec to Help Lead U.S. Cyber Insurance Efforts
Allied World Assurance Company Holdings tapped a former Travelers executive to help lead its U.S. cyber insurance efforts. Jason Glasgow is the insurer's new vice president, practice lead – ...
Reinsurers’ Catastrophe Defenses Weakened by Hedge Fund Rivals
It won't take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year ...
Executives On The Move at AIG, OneBeacon, JLT and Wells Fargo Insurance
AIG hired on a new chief communications officer. JLT Specialty USA's new Los Angeles-based executive will build a team focused on handling complex film and television production-risks. Wells Fargo ...
PCS Unveils Historical Catastrophe Database for Turkey
Property Claim Services has gone live with a new historical catastrophe database for Turkey, an advance that the data analytics provider said will be helpful for both insurers and reinsurers. "The ...