Global Economy
Executives On The Move at Allianz, Ironshore, Guy Carpenter and JLT Re
We have a number of new executive appointments to tell you about at Allianz, Ironshore, Guy Carpenter and JLT Re. *** Allianz Global Corporate & Specialty, which is part of Allianz Group, named ...
Billionaire John Paulson’s Hedge Fund Grabs $800M AIG Stake
Billionaire John Paulson's hedge fund firm bought a position in American International Group Inc. in the first quarter valued at $800 million at the end of March, in his latest bet on the insurance ...
MBIA’s Bond Insurance-Comeback Hampered by Puerto Rico Crisis
The risk of losses tied to Puerto Rico is clouding MBIA Inc.'s comeback in the resurgent business of guaranteeing state and municipal debt. After years of healing from the financial crisis that wiped ...
Integro Grabs U.K. Marine Broker Kite Warren & Wilson
Integro Ltd., an insurance brokerage and risk management firm based in New York City, has acquired London-based Kite Warren & Wilson Ltd., which specializes in marine hull & liability ...
Willis Re Unveils $400M Facility For Liability Cat; 20 Reinsurers on Board
Willis Re has rolled out a new syndicated reinsurance facility that gives broad protection for insurers against catastrophic and systemic loss accumulations stemming from liability portfolios. The ...
An El Nino-Driven Summer is All But Certain
A U.S. government weather forecaster on Thursday said there was a 90 percent chance that El Nino conditions would continue during the Northern Hemisphere summer, an increase from last month's ...
AIG Moves Investment Exec Schreiber to M&A Leadership Role
American International Group Inc. named dealmaker Brian Schreiber chief strategy officer as the insurer shifts to expanding through acquisitions after years of contracting through asset sales to ...
Swiss Re Predicts More M&A Due to New Regs and Capital Surge
New regulations and an influx of alternative capital will spur more mergers and acquisitions in the insurance industry, Swiss Re AG said. "We expect to continue to see a certain shakeout in the ...