Global Economy
Executives On The Move at ACE, Allianz and RenaissanceRe
ACE, prepping for its $28 billion acquisition of Chubb, named a new post-merger executive to replace one who is jumping ship. Allianz Global Corporate & Specialty has a new head of global ...
Insurance Software Maker Ebix Mulls $685M Offer For U.K. Rival
Insurance software provider Ebix Inc. is contemplating a $685 million offer for U.K. rival Xchanging plc. Ebix disclosed on Nov. 16 that it sent a letter to Xchanging's board of directors outlining ...
When MGAs manage a high volume of insurance submissions, underwriting speed often depends on what happens before an underwriter ever...
Buffett’s Berkshire Hathaway Selling Investments in Munich Re, Swiss Re, Goldman Sachs
Warren Buffett's Berkshire Hathaway Inc. on Monday said it reduced its stake in Goldman Sachs Group Inc. by 13 percent during the third quarter, paring a successful investment it made during the ...
This Season’s El Niño Will be Among the Strongest Ever Recorded
The current El Niño weather pattern, a phenomenon associated with extreme droughts, storms and floods, is expected to strengthen before the end of the year and become one of the strongest on record, ...
New York Regulators Urge State/Fed Cooperation on Financial Sector Cyber Defenses
New York regulators are considering a host of cyber security requirements for banks and insurers and urged other state and federal authorities to collaborate on establishing a framework of defenses ...
Cooper Gay Swett & Crawford Puts North American Business Up for Sale
Cooper Gay Swett & Crawford is putting its North American business up for sale, the reinsurance broker disclosed on Nov. 13. Specifically, potential buyers will be sought out for CSGC North ...
2015 Atlantic Hurricane Season Below Average But Deadly
The 2015 Atlantic hurricane season may end up being remembered for a subpar number of storms, even though the total still beat early forecasts and more than 50 people died. The season, which also ...
Allianz Specialty Arm Unveils North American Transportation Unit
Allianz Global Corporate & Specialty (AGCS) is launching a dedicated transportation and logistics unit in North America. Helen Leonard will lead the unit, assuming the title of Inland Marine ...