Markets
Chubb’s Q2 Profit Dips 1% Due to Weak Investments and ACE Merger Costs
Chubb Corp., the insurer that agreed this month to be bought by Ace Ltd., said second-quarter profit slipped 1 percent on weaker investment results and costs tied to the transaction. Net income ...
Executives On The Move at Allied World, JLT Re and Guy Carpenter
We have some executive promotions and hires to tell you about at Allied World, JLT Re and Guy Carpenter: *** Allied World Assurance Company Holdings has hired a Starr Companies executive to help with ...
Cat and Investment Losses Hamper Allied World’s Q2 Net Income
Allied World Assurance Company Holdings experienced big drops in net income during the 2015 second quarter, due in large part to catastrophe and investment losses. The Swiss insurer and reinsurer ...
ACE Lures Zurich’s Stapleton to Help Expand International Cyber Business
ACE Group snatched up a long-time Zurich executive to help propel its cyber insurance business internationally. Tim Stapleton is now vice president and cyber insurance product manager for ACE ...
Obama: Lapse of U.S. Export-Import Bank Charter Has Already Harmed Businesses
President Barack Obama on Wednesday urged lawmakers to renew the charter for the U.S. Export-Import Bank before leaving for an August break, saying small and large businesses alike have been hurt by ...
AIG, Allianz Stand to Gain From Nestle’s $2.3B India Noodle Mess
As Nestle SA slugs it out with India's food regulator over the amount of lead in its popular Maggi instant noodles, the dispute is whipping up business for insurers. The local unit of American ...
Hackers Commandeer Moving Jeep; Fiat Chrysler Offers Software Patch
Fiat Chrysler Automobiles NV is offering a software patch to close a loophole that let two hackers take control of a moving Jeep sport utility vehicle in an incident spotlighting the vulnerability of ...
MGAs Next to Feel Capital Markets Impact: AmWINS’ DeCarlo
Now that traditional reinsurers are adjusting to the idea that third-party capital providers have moved into their space, managing general agents may be next to feel the negative impact of new ...