Global Economy
XL Catlin Doubles Available Limits for Standalone Terrorism Coverage
XL Catlin said it has doubled available limits for its standalone terrorism coverage and added other bells and whistles in what it described as a market response to new attacks in cities and schools ...
RSA Warns British Exit From EU Could Harm Its Business, Investment Returns
RSA chief Stephen Hester said a British exit from the European Union could have a negative impact on the insurer's business and investment returns, underscoring a warning from top executives about ...
Ironshore Adds U.S. Homeland Security Assessment to Cyber Policy
A division of Ironshore Inc. is beefing up the risk management services it offers a certain class of cyber policyholders. Among the additions: A cyber security assessment and technical services ...
Departing AIG Dealmaker Schreiber Was Equal Parts Volatile and Invaluable
In January, Brian Schreiber was working nearly around the clock preparing an investor presentation on American International Group Inc.'s new direction, called Simplifying AIG. On Feb. 15, Schreiber ...
Executives On The Move at XL Catlin, USAA and QBE
A major executive is retiring at USAA, and the search is on for his replacement. QBE is reorganizing and hired from within to fill a newly created executive position. XL Catlin is beefing up its ...
J&J Must Pay $72M for Cancer Death Linked to Talcum Powder
Johnson & Johnson was ordered by a Missouri state jury to pay $72 million of damages to the family of a woman whose death from ovarian cancer was linked to her use of the company's talc-based ...
New Swiss Re CEO Mumenthaler to Replace the Retiring Liès
Swiss Re AG named Christian Mumenthaler, a 17-year veteran of the company who heads the main reinsurance unit, as chief executive officer from July 1. He will succeed the retiring Michel Liès. ...
Exclusive: Google Reportedly Will Shut Down Online Insurance Site
It appears Google Compare's grand experiment in online comparison shopping for auto insurance is dead – for now at least. Insurance Journal has learned that two of Google Compare's major partners ...