Global Economy
‘Westchester’ is ACE/Chubb’s Combined North America E&S Wholesale Business
ACE Limited, mapping out logistics of its planned $28 billion Chubb acquisition, will combine several divisions from both companies into a new North America excess and surplus lines wholesale ...
Zurich’s Generous Dividends Could End in Wake of Senn’s Departure
As Zurich Insurance Group AG begins the search for a chief executive officer, investors may need to prepare for more than a new face. An end to the company's generous dividends could also be on the ...
Anadarko Petroleum Must Pay Nearly $160M for 2010 Gulf Spill, Below U.S. Wishes
Anadarko Petroleum Corp. was ordered to pay almost $160 million for its role as part-owner of the doomed Gulf of Mexico well that in 2010 caused the biggest offshore oil spill in U.S. history. The ...
Rudder System Failure Behind AirAsia 8501 Crash
AirAsia Flight 8501's pilots effectively wrestled each other at the controls as they sought to fight off an electronics-system failure, dooming the plane and the lives of all 162 people on board last ...
Parisian Businesses Can Seek Help from Terrorism Reinsurance Fund
Parisian businesses struggling after the Nov. 13 attacks are likely to be able to make successful insurance claims, helped by a state-backed fund set up in the wake of the Sept. 11 2001 attacks in ...
Swiss Re: Emerging Markets Still Driving Non-Life Premium Growth
Non-life insurance premium growth should improve in 2016 and 2017, with emerging markets driving the charge, Swiss Re said in its annual insurance outlook. Emerging markets will generate ...
Executives On The Move at Markel, Kemper, Validus and State Auto
We have a changing of the guard to tell you about involving the leadership at Markel Corp., Kemper and Validus Holdings. Meanwhile, the new leader of State Auto Financial Corp has been named chairman ...
ACE Discloses New Round of Post-Chubb-Merger Appointments
ACE Ltd. disclosed yet another slate of executive appointments, most of which become effective after its $28 billion merger with Chubb closes in the 2016 first quarter. Among them is John Keogh. He's ...