Global Economy
Ironshore Turns to Shanghai with Launch of Lloyd’s China Platform
Ironshore International, now fully owned by Chinese conglomerate Fosun International, is expanding into Shanghai via Lloyd's. The Bermuda-based specialty property/casualty insurer will be doing this ...
Underwriters Spooked by New China Rules for Botched IPOs
Newly approved Chinese rules for IPOs are rattling investment banks as investors can seek compensation immediately if they suffer losses due to false or misleading information in the listing ...
P/C Execs Predict Cyber Growth and a Democrat in the White House
Leaders of the property/casualty insurance industry expect 2016 to be a profitable year much like 2015 but do not see any increase in profitability this year for most lines of insurance, and they do ...
A.M. Best Separates Ratings Services from Publications in Restructuring Move
A.M. Best has restructured its operations to separate its rating and research services from its publications and other information products, attributing the action to increased regulation of credit ...
ACE and Chubb Set to Close Their Mega-Merger Deal
ACE Ltd. and Chubb were set to close their $29.7 billion merger agreement on Jan. 14 – a scant six months after the companies first announced their surprise deal. The Chubb name will represent the ...
P2P Insurance Startup Lemonade Attracts Sagalow, Other AIG, ACE Vets to Exec Roster
An instech startup looking to disrupt the property/casualty insurance industry with a new business model has turned to four seasoned insurance executives from traditional carriers AIG and ACE ...
Is Generali CEO Greco Leaving for Zurich? Investors Worry
Uncertainty over whether Mario Greco will stay on as chief executive of Generali rattled investors in Italy's top insurer on Monday after a Swiss newspaper reported rival Zurich Insurance was set to ...
VW Gets Easier Ride in Europe on Emissions Scandal
Volkswagen is unlikely to face U.S.-style fines in Europe over its emissions scandal because of a softer regulatory regime and its home country Germany's determination to protect its car industry, EU ...