Reinsurance
AIG Selling Fairfax Financial Some Latin America, Central and Eastern Europe Operations
American International Group will sell off some of its Latin America, Central and Eastern Europe operations to Fairfax Financial Holdings Ltd., and the two companies in turn expect to form a ...
Insurers Risk Plenty by Keeping Their Technology Budgets Static: Novarica
Insurers' technology budgets remain flat in an age of disruption and technology - a risky move in the face of increased rivalry from tech-enabled upstart competitors, consulting firm Novarica said in ...
North Carolina Buildings Sustained $1.5B in Hurricane Matthew Damage
North Carolina emergency officials have estimated that the destructive and deadly Hurricane Matthew caused $1.5 billion worth of damage to more than 100,000 homes, businesses and government buildings ...
The Latest Launches From XL Catlin, AXIS and Take1 Insurance
XL Catlin added cyber insurance as optional coverage in its professional liability cover for design professionals. AXIS Capital Holdings will start offering U.S. customers cybersecurity ratings data ...
Berkshire Hathaway’s Gen Re Promotes Brogan to Lead Aircraft Risk Unit
Gen Re promoted John Brogan to chief executive officer of an aviation unit as the reinsurer at Warren Buffett's Berkshire Hathaway Inc. phases in a new generation of leadership. Brogan replaces David ...
Hurricane Nicole Hits Bermuda, Barely a Week After Matthew Went Away
Hurricane Nicole made landfall in Bermuda on Oct. 13 as a Category 3 storm, less than a week after Hurricane Matthew plowed through the island nation and Haiti before slamming into the U.S. Southeast ...
AIG CEO Peter Hancock’s Innovation Sources: Nobel Prize Winners, Client Councils and More
Here's an innovation you may not have heard about in the insurance world: client councils. AIG President and CEO Peter Hancock said that his company forms and hosts client councils in order to ...
British Government’s Planned Brexit Trigger is Unconstitutional Power Grab: Attorney
Lawyers seeking to force the government to hold a Parliamentary vote on whether to leave the European Union told a panel of three senior judges that Prime Minister Theresa May's bid to trigger Brexit ...