Personal Lines
Insurers/Reinsurers Fail to Adequately Cover Global Terrorist Threats: JLT
The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of their clients, according to a report published by JLT Re and JLT Specialty ...
Belgium Attacks Will Have Little Impact on Insurance Industry: AIR Worldwide
The March 22 terrorist attacks in Brussels, Belgium killed 33 people and wounded 260, shutting down all flights into and out of Zaventem Airport and prompting the metro system to discontinue service. ...
Executives On The Move at QBE, CNA, Chubb and Talbot Underwriting
Both QBE North America and CNA snagged ex-Chubb executives for key roles. Meanwhile, Chubb beefed up its transactional risk leadership team to help facilitate more M&A deals. Talbot Underwriting ...
2015 a Quiet Year for Catastrophe Losses: Guy Carpenter
Despite a record-setting tropical season in the Pacific, 2015 was a quiet year in terms of global insured losses, according to a new report by risk and reinsurance specialist Guy Carpenter & Co., ...
AIG Will Slash 242 Jobs in NYC
American International Group Inc., the insurer that's been under pressure from activist investors, said it plans to cut 242 jobs at five locations in New York City. The reductions will take place ...
Chubb Scion and Former Vice Chairman ‘Pi’ Chubb Has Died
Percy "Pi" Chubb III, a former Chubb Corp. vice chairman and a scion of its founders, has died. Chubb disclosed in a March 22 announcement that the 81-year-old former executive had passed away, ...
For Greenbergs, Post-AIG Financial Ties Top $650M
Long after leaving American International Group Inc., members of the Greenberg family are expanding financial ties through companies they now oversee. Evan Greenberg's Chubb Ltd., previously known as ...
Post-Merger Chubb Covets More of the High Net Worth Market Pie
Its acquisition of Fireman's Fund's business in April, 2015 provided ACE Ltd. with an idea of what's involved in integrating two leading high net worth insurance businesses. Frances D. O'Brien is now ...