Markets
April Renewals Achieve Rate Hike Range From Flat to 25 Percent: Willis Re
While there were no signs of generalized rate hardening during the April 1, 2019 renewal season, reinsurers have adopted a "rational" rating approach, asking for price increases of up to 25 percent, ...
At Nearly $21M, AIG CEO Duperreault’s 2018 Paycheck Is Half the Previous Year’s
Insurer American International Group Inc said on Tuesday it paid Chief Executive Officer Brian Duperreault $20.9 million in 2018 while also outlining a series of reforms to its pay practices in the ...
Tokio Marine HCC Snatches Up NAS Insurance Services for Undisclosed Price
Tokio Marine HCC has acquired NAS Insurance Services, LLC, a specialty insurance underwriter focused on cyber and professional liability . Neither side is disclosing financial details. NAS is a ...
Rockefeller Foundation Plans to Wind Down Climate Resilience Push
The Rockefeller Foundation will end funding and dismiss the staff at its 100 Resilient Cities program, the largest privately funded climate-adaptation initiative in the U.S., the foundation announced ...
Uber’s Co-Founder, Board Win Dismissal of Investor Trade Secret Suit
Travis Kalanick, the co-founder of ride-hailing company Uber, and the company's directors won the dismissal of an investor lawsuit that sought to hold them liable for a fight over trade secrets that ...
Proposed U.S. Regulation Would Discourage Large Banks From Investing in Competitors’ Debt
U.S. bank regulators proposed a rule on Tuesday that would discourage large banks from heavily investing in debt issued by other large banks by requiring them to hold additional capital against such ...
The Challenges Go On for U.S. Commercial Auto in 2019: A.M. Best
Expect U.S. commercial auto insurance to improve somewhat in 2019 even as A.M. Best maintains its negative outlook for the sector over the next year. That split forecast stems from commercial auto ...
Executives On The Move at Sompo International and AXA XL
Sompo International promoted a long-time executive in a branch of its commercial property/casualty business. A long-time executive affiliated with AXA XL is stepping down from one of its divisions to ...