Markets
Swiss Re’s P/C Reinsurance Unit Excelled in Q3
While the property/casualty reinsurance industry continues to be hammered by heavy competition and soft pricing, Swiss Re can celebrate its 2014 third quarter results. The Zurich company reported a ...
Third Point Re CEO Berger Gains Contract Extension
The board of directors at Bermuda's Third Point Reinsurance Ltd. has renewed the contract of CEO John Berger for another three-year term. Berger will also continue as Third Point's Chief Underwriting ...AIG Closing Georgia Shared-Service Center; 420 Workers Impacted
American International Group Inc., the largest commercial insurer in the U.S. and Canada, is closing an office in Georgia with 420 workers. Some positions at the Alpharetta shared-service center will ...
U.S. Supreme Court Agrees to Hear Obamacare Challenge
The U.S. Supreme Court agreed on Friday to hear a legal challenge to a key part of the Obamacare health law that, if successful, would limit the availability of federal health insurance subsidies for ...
James River IPO Could Raise Up to $288 Million
James River Group Holdings Ltd, a Bermuda-based insurance holding company, filed for an initial public offering of common shares that would raise up to $288 million. Hedge fund D.E. Shaw & Co ...
Home Depot Also Admits Hacker Theft of 53 Million E-Mail Addresses
Home Depot Inc., which suffered a data breach between April and September, said 53 million e-mail addresses were taken by hackers during the attack, in addition to the 56 million payment cards that ...
New Online Tool Helps Predicts Risk For Deadly Coastal Hurricanes
When a hurricane comes ashore, there are so many dangers: tree-snapping winds, torrential downpours and even tornadoes spawned by the tempest itself. But it's the wall of water that tropical systems ...
Aspen’s U.S. Arm Realigns Casualty Business
Aspen U.S. Insurance, part of the insurance segment of Aspen Insurance Holdings Ltd., announced Thursday that it has realigned its casualty business to better serve broker partners and deliver ...