Reinsurance
Driverless Taxis Poised to be Transformational for Mass Transit
Mass transit, the lifeblood of cities worldwide, is under threat from the biggest innovation in automotive technology since Henry Ford's assembly line first flooded streets with cars. The ...
AmTrust to Pay $90M for Workers Comp Insurer AmeriHealth Casualty
AmTrust Financial Services plans to pay $90 million in cash for a regional U.S. workers compensation insurer, its last acquisition in a year of several M&A transactions. The New York City-based ...
Executives On The Move at The Hartford, Willis Towers Watson and Renaissance Re
Willis Towers Watson has made a number of executive leadership changes. The Hartford has a new head of multinational underwriting. RenaissanceRe's finance arm has experienced several new leadership ...
Amtrak’s $265M Settlement Over 2015 Derailment Approved by Judge
A U.S. judge on Thursday signed off on a record $265 million settlement over an Amtrak passenger train crash in Philadelphia in 2015 that killed eight people and injured about 200 others, court ...
UK PM’s Brexit Plan Passes Initial Court Hurdle
A Northern Irish judge rejected a pair of challenges to the Brexit process, removing at least one obstacle to U.K. Prime Minister Theresa May's plan to begin severing ties with the European Union by ...
Embracing Technology Makes Good Business Sense: PCI Panel
Forget fearing technology and more technology-adept rivals. Embracing the change both bring to the table makes good business sense, a recent reinsurance industry panel concluded at the PCI Annual ...
XL Group CEO McGavick: In Q3, Catlin Merger Benefits Are Becoming Clearer
XL Group said it boosted net income and improved its property/casualty combined ratio during the 2016 third quarter, even as pretax natural catastrophe losses soared. CEO Mike McGavick asserted that ...
XL Group Restructures P/C Operations, Names Revamped Senior Leadership Team
Bermuda-based XL Group Ltd./XL Catlin announced senior role changes in connection with a planned realignment of its property/casualty operating model. All of the new appointments are effective as of ...