Reinsurance
Executives On The Move at Allied World, Argo Group and W.R. Berkley
Allied World brought in a new executive to help run its marine operations; Argo Group hired a head of professional lines in Bermuda; W.R. Berkley Company named a senior vice president charged with ...
Swiss Re: 2015 Insured Economic Losses Dropped to $32 Billion
Insured losses from natural catastrophes dropped in 2015 compared to 2014. But man-made losses spiked higher, led by China's Port of Tianjin explosions in August, Swiss Re said in its preliminary ...
Zurich Will Pay Up to $1.05B for Wells Fargo Crop Insurer
Zurich Insurance Group AG agreed to buy a Wells Fargo & Co. crop-insurance business for as much as $1.05 billion as the Swiss company puts to work excess cash left over from a separate takeover ...
ACE Beefs Up Product Recall Insurance Options
ACE Group said it beefed up and tweaked its product recall insurance offerings, a move intended to help benefit customers in areas including consumable products, consumer goods and component part ...
Allied World Debuts Division Focused on Global Crisis Management Coverage
Allied World Assurance Company Holdings AG established a new division focused on coverage for global crisis management. Five executives – four chosen from within Allied World – will run the ...
AIG Will Buy Back Another $3B in Stock, as Icahn Pressure Continues
American International Group Inc., the insurer pressured by activist investor Carl Icahn to boost returns, announced a plan to repurchase another $3 billion of shares. The move lifts to $4.3 billion ...
Congress Tackles Cyber Security as Part of Federal Spending Bill
Companies that share data with the U.S. government for cyber security purposes will get more protection from consumer lawsuits under a measure piggybacked onto a massive federal spending bill ...
Lloyd’s of London Readies Proprietary Insurance Based Index
Lloyd's of London will launch its own insurance based index in summer 2016. The famed specialist and reinsurance market touts the product as the first of its kind for diversified risk. It is designed ...