Global Economy
ACE Names Some Chubb Execs to Post-Merger North America Insurance Arm
ACE Ltd., on track to acquire The Chubb Corp. in a $28 billion deal, has named more executives to the post-merger leadership team for its North America Insurance division. The appointments include ...
European, Gulf Carriers Reroute Flights Away from Sinai After Russian Jet Crash
Most national carriers in the United Arab Emirates will reroute flights to avoid Egypt's Sinai peninsula until more is known on what caused a Russian-operated jet to crash there on Saturday, killing ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
British Insurance Premium Tax Hike Worsens Situation for General Insurers
A tax hike on British motor and home insurance policies effective from Sunday is set to hit consumers and could trigger a fresh round of margin-squeezing price competition among general insurers. The ...
Swiss Re’s Estimated Tianjin Explosion Claims Hit: $250M
Swiss Re said that the Tianjin explosion in China will leave it with an approximately $250 million claims burden, but news of the claims hit didn't mar an otherwise solid 2015 third quarter. The ...
China and Germany Agree on Halt to Economic Cyber War
China and Germany agreed to work on stopping economic cyber spying between the two nations amid mounting concern that the thousands of small- and medium-sized companies that form the backbone of ...
The Hanover Temporarily Brings Back Former CFO After Greenfield’s Death
The Hanover Insurance Group brought back a former chief financial officer company to serve as interim CFO, a move made necessary due to the unexpected death of his predecessor earlier in October. ...
Carl Icahn’s Emergence Ups the Stakes for AIG CEO Hancock
Peter Hancock may have met his hardest challenge yet. Since Hancock took over as chief executive officer of American International Group Inc. last year, Warren Buffett's Berkshire Hathaway Inc.'s new ...
PCI Conference Report: Cyber, Property Risks Not So Separate, CTO Says
The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, FireEye Inc. Chief Technology Officer Grady Summers said. ...