Markets
Great American Promotes Two to Lead P/C Group
Great American Insurance Group promoted two longtime executives to the role of senior vice president for its Property and Casualty group. One, James (Jim) Muething, has been with Great American since ...
Marriott CEO Will Testify Before U.S. Senate Panel On December Data Breach
Marriott International Inc Chief executive Arne Sorenson will testify before a U.S. Senate panel Thursday about a hacking incident it reported in December that exposed the records of up to 383 ...
U.S. Reportedly Will Allow Lawsuits Against Some Foreign Firms Operating in Cuba
The Trump administration is preparing to allow lawsuits in U.S. courts for the first time against some foreign companies doing business in Communist-ruled Cuba using properties confiscated from ...
Marsh, Jardine Lloyd Thompson Will Sell JLT’s Aerospace Unit to Gallagher
Marsh & McLennan Cos. and Jardine Lloyd Thompson have agreed to sell JLT's aerospace business to Arthur J. Gallagher. The arrangement provides for the acquisition of all assets within JLT's ...
Lyft and Uber Build Their Own Captive Insurers In Hawaii
Ride-sharing giants Lyft Inc. and Uber Technologies Inc. seem to have found the same solution for dealing with the risks of managing millions of drivers on the road: Creating their own insurers in ...
The Latest Launches From Chubb/Aon and AGCS
Chubb and a catastrophe modeling firm will partner to develop a new terrorism risk model for Manhattan in New York City and other dense urban environments. Allianz Global Corporate & Specialty ...
Arch Promotes Executives to Innovation, Mortgage Insurance Leadership Roles
Arch Capital Group Ltd. said it has made some strategic leadership changes affecting innovation, investment and mortgage insurance. The Bermuda-based specialty insurer and reinsurer named Andrew ...
AIG Sells Off Stake in China’s PICC Group With Few Gains
American International Group Inc. bought into The People's Insurance Co. (Group) of China Ltd. as a cornerstone investor in its initial public offering more than six years ago. Since that time -- ...