Global Economy
China Re Gains Hong Kong Stock Exchange Approval to Launch $2B IPO
China Reinsurance Group Corp., the nation's biggest reinsurer, received Hong Kong stock exchange approval for an initial public offering, people with knowledge of the matter said. The Beijing-based ...
Cyber Attacks Bring Insurers and Other New Clients to Defense Firms
A broadening wave of cyber attacks is drumming up new clients for defense companies as anxiety about the loss of sensitive data spreads from military chiefs to company bosses. Banks, utilities and ...
Executives On The Move At XL Catlin, Hiscox, BHSI and More
We have executive appointments and promotions to tell you about at XL Catlin, Hiscox, ACORD, Measure and Berkshire Hathaway Specialty Insurance: *** XL Catlin has appointed its post-merger specialty ...
Insurance Execs Struggle to Kindle the Innovation Spark: KPMG Survey
While insurance executives overwhelmingly know that innovation will drive future competitive advantage and growth, most seem to be struggling to kindle the spark within their organization, finds a ...
Hiscox’s ILS Assets Surpass $600 Million With Cardinal Re Launch
Kiskadee Investment Managers, Hiscox Re's insurance linked securities (ILS) operation, has launched Cardinal Re Ltd., a Bermuda-domiciled special purpose insurer designed to transform collateralized ...
AIR Worldwide: Insurers Can Gain by Confronting Gap Between Insured and Economic Losses
While there's a significant global gap between disaster-related insured and economic losses, the dichotomy between both presents a growth opportunity for P/C carriers, AIR Worldwide concluded in a ...
Travelers CEO Fishman: U.S. Tax Rates Push Rivals to Bermuda and Elsewhere
Jay Fishman, who built New York-based Travelers Cos. into one of the world's biggest insurers, lamented that disparities in tax rates are pushing established rivals and industry newcomers outside the ...
P/C Insurance M&A Is Growing Rapidly With No Sign of Letting Up
Clyde & Co. and A.M. Best quell any remaining doubts about the return and acceleration of high-profile insurance/reinsurance M&A deals in two new reports. What's more, while transactions are ...