Global Economy
The Latest Launches from Great American, Allianz and Validus
Great American Insurance Group launched a professional liability endorsement covering the administration of a drug to counteract opiates such as heroin. Validus Holdings subsidiary Talbot ...
AIG Targets Wealthy Canadian Clients With Home Construction Risk Reduction Program
AIG launched a new risk-reduction service for wealthy clients in Canada whose high-priced homes are under construction. The mega-property-casualty insurer said that its AIG Insurance Company of ...
Allianz’s PIMCO Boosts Treasuries Stake to 25-Month High
Pacific Investment Management Co.'s Total Return Fund increased its stake in U.S. government debt to a 25-month high in July as rally in Treasuries pushed yields to an all-time low and then fizzled. ...
AIG CEO Worried More About Boosting Returns Than ‘Too Big to Fail’ Status
American International Group Inc. Chief Executive Officer Peter Hancock said he's more focused on boosting returns than worrying about the government's classification of his company as too big to ...
Media Vet Business Insurance Abruptly Shuts Down; Industry Consolidation, ‘Continued Structural Changes’ Blamed
Business Insurance, a well-known industry publication for 49 years, has been abruptly shut down by parent company Crain Communications. The final issue of Business Insurance came out on Aug. 1. The ...
Munich Re Gains From Selling Investments and Currency Changes
Munich Re, the world's second-biggest reinsurer, reported second-quarter profit that beat analysts' expectations as gains from currencies and investments cushioned higher claims from natural ...
Executives On The Move at Allianz, PartnerRe and JLT Specialty USA
Allianz Global Corporate & Specialty made a number of executive appointments and changes. PartnerRe attracted a Munich Re veteran to a key executive role. JLT Specialty USA appointed a new senior ...
Chubb, AIG Vets Fill Out Exec Roster for High-Net-Worth Insurer PURE
The PURE Group of Insurance Companies is fleshing out its executive roster with veteran hires from Chubb and AIG, both rivals in the high-net-worth space. PURE is a New York-based company that ...