Reinsurance
XL Catlin Relies on AIG Vet to Lead New Global Structured Risk Team
A former AIG executive who joined XL Catlin a year ago will lead the insurer's new team focused on global alternative risk transfer and novel kinds of commercial insurance coverage. Rob Turner, ...
AIG Exec’s 62 Years at the Global Insurer Not Likely in the Future
A veteran AIG employee retired recently, after a stunning 62 years with the insurance giant. But as the Wall Street Journal points out in its coverage of this milestone, spending your entire career ...
The Latest Launches from Swiss Re, Aon Benfield and XL Catlin
XL Catlin and A.J. Gallagher are now marketing lifestyle insurance coverage for New York City art collectors. Swiss Re expanded its cyber risk offerings in the U.M. Impact Forecasting debuted a new ...
French Insurers Assess Damage from Record Floods
Insurance executives meet with government officials in Paris Monday to assess the cost of flooding in the Centre and Ile-de-France regions as the Seine river recedes from its highest levels in more ...
Reinsurance Demand Spike Likely with Solvency II: Fitch Ratings
Solvency II will increase insurers' demand for reinsurance products as they seek to strengthen their capital positions via risk transfer, according to a report published by Fitch Ratings. Reinsurance ...
XL Group CEO McGavick Urges Caution Toward Fossil Fuel Divestment Pressures
XL Group CEO Mike McGavick is standing firm against the push for insurers to divest from fossil fuel. He's urging caution, even as those efforts continue. "I hope we're really thoughtful about the ...
Executives On The Move at Liberty Mutual, JLT Re, and More
Liberty Mutual named three executives to leadership roles within its Commercial Insurance strategic business unit. JLT Re hired a Swiss Re executive to fill a strategic role. Aon Benfield made ...
BP Will Settle $175M in Oil Spill-Related Shareholder Claims
BP Plc agreed on Thursday to pay $175 million to shareholders who brought a class-action lawsuit that accused the oil company of misleading them by understating the severity of the 2010 oil spill in ...