Markets
Judge Rules Bonus Awards to WTC Cleanup Workers Came Too Soon
A judge acted prematurely in awarding a $55 million bonus payment to thousands of rescue and cleanup workers at the World Trade Center site who settled lawsuits against New YorkCity over damage to ...
Q1 2014 Commercial Insurance Prices Up 4%; Rates Moderating: Towers Watson
Commercial insurance prices increased by 4 percent in aggregate during the first quarter of 2014, marking the lowest level of growth since fourth-quarter 2011, according to a new survey by Towers ...
Will New CEO Christopher Swift Continue The Hartford’s Current Path?
Who is Christopher Swift? Will he be the CEO that Hartford Financial Services Group needs as it continues its revamp, focusing more heavily on its P/C group and mutual funds divisions in the months ...
Endurance Unveils Exchange Offer for Aspen’s Outstanding Shares
Endurance Specialty Holdings Ltd. - bound and determined to acquire Aspen Insurance Holdings Ltd. – launched an exchange offer for all outstanding shares of its Bermuda reinsurance rival, dogged ...
Market Pressures Require Reinsurer Response
The reinsurance industry is facing considerable headwinds in the current competitive market environment, with conditions unlikely to improve in the near term. Reinsurers, for their part, have not ...
As Firms Ratchet Up IT Security, Data Breaches Remain Unstoppable
With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next. The reality, cyber ...AIG Mulling Big Expansion of Massive Share Repurchase
American International Group Inc., the largest commercial insurer in the U.S. and Canada, said it may repurchase as much as an additional $2 billion of common stock after selling its aircraft-leasing ...
Mining Underwriting Opportunities With CoMeta
Speaking during a session at the Advisen Casualty Insights conference in March, Robert Reville, the chief executive officer of Praedicat, noted that while all mass litigation, historically, has been ...