Markets
Executives On The Move at OneBeacon, Arch, ProSight, Aon Benfield and JLT
We have new hires and promotions to tell you about at OneBeacon Insurance Group, Arch Insurance Group, ProSight Specialty, Aon Benfield and JLT Specialty: *** OneBeacon Insurance Group brought on ...
Texas Pounded by Hurricane Patricia
A powerful storm system rumbled through Texas on Saturday, flooding roads and causing a freight train to derail as parts of the state braced for the remnants of Hurricane Patricia to arrive. Many ...
Why Hurricane Patricia Didn’t Cause More Damage in Mexico
(Carrier Management updates AP analysis with RMS and AIR Worldwide statements) Remarkably little damage was reported in the wake of Hurricane Patricia, which hit Mexico after peaking Friday as the ...
Mexico Escapes Major Damage from Hurricane Patricia
Only a day after menacing Mexico as one of history's strongest storms, Hurricane Patricia left apparently little damage Saturday as the once-fearsome system spun inland and quickly weakened to a ...
Ameriprise Financial to Exit Travel Insurance Market After Loss
Ameriprise Financial Inc., which is celebrating the 10th anniversary of its spinoff from American Express Co., is abandoning an unprofitable push into travel insurance. "We had a loss associated with ...
Hackers Targeting $330B Space Economy
Space, the "final frontier," is rapidly becoming an extra-terrestrial battleground for corporate espionage and other types of cyber attack as hackers seek to gain commercial advantage from rival ...
Tizzio, Ex-AIG CEO Greenberg’s ‘Right Hand,’ Has Died at 77
Thomas Tizzio, a retired vice chairman of American International Group Inc. who was once seen as a possible successor to its former chief executive officer, Maurice "Hank" Greenberg, has died. He was ...
Knowledge Gaps and Convergence
Insurers covered $500 billion in catastrophe losses in the last 10 years. That huge number appears in Swiss Re's recent sigma report, "Underinsurance of Property Risks: Closing the Gap." It's hardly ...