Reinsurance
AIG CEO Rejects Icahn Plan to Split Insurance Giant Into 3
American International Group Inc. Chief Executive Officer Peter Hancock dismissed activist investor Carl Icahn's proposal to split the company into three insurers, saying a separation would limit ...
AIG Loses $231M in Q3; Up to 400 Senior-Level Jobs on Chopping Block
American International Group Inc., the insurer facing pressure from activist shareholder Carl Icahn for a breakup, posted a third-quarter loss as investment results deteriorated. The company plans to ...
Insurance Journal’s Jergler Wins Folio Award; Carrier Management Recognized
Wells Media Group's Carrier Management and Insurance Journal publications took home honors from this year's Folio Awards that recognize excellence in publishing. The awards, sponsored by the ...
US and UK Will Jointly Test Global Financial Firms’ Cyber Security
The US and British governments will hold a joint exercise to test cyber security and information sharing arrangements involving global financial institutions, according to the UK National Computer ...
ACE Names Some Chubb Execs to Post-Merger North America Insurance Arm
ACE Ltd., on track to acquire The Chubb Corp. in a $28 billion deal, has named more executives to the post-merger leadership team for its North America Insurance division. The appointments include ...
European, Gulf Carriers Reroute Flights Away from Sinai After Russian Jet Crash
Most national carriers in the United Arab Emirates will reroute flights to avoid Egypt's Sinai peninsula until more is known on what caused a Russian-operated jet to crash there on Saturday, killing ...
Reinsurance Execs Weigh in on the Future of the Traditional Reinsurance Industry
What will the future of the traditional reinsurance industry look like? In her book, "Making a Market for Acts of God," Paula Jarzabkowski argues that the long-term stability of the reinsurance ...
‘We Start Businesses Instead of Buying Them,’ Berkley Says in Last Call as CEO
William R. Berkley's last earnings conference call as chief executive officer of the company that bears his name lasted just over 20 minutes, with a lack of questions about a less-eventful quarter ...