Reinsurance
Severe European Storms Hamper Air Travel and German Railway
Severe weather across Europe disrupted air travel at some of the region's largest hubs, including Frankfurt, London, Amsterdam and Munich on Tuesday and hampered regional rail services in Germany. ...
Lufthansa’s Knowledge of Crash Pilot’s Depression Could Impact Insurance Claims
The German pilot who crashed a plane in the French Alps last week, killing 150 people, told officials at a Lufthansa training school in 2009 that he had gone through a period of severe depression, ...
Endurance Acquiring Montpelier for $1.8B
Endurance Specialty Holdings Ltd. and Montpelier Re Holdings Ltd. announced a merger deal today, which will have Endurance acquiring Montpelier in a stock-cash deal for roughly $1.8 billion. ...
Executives On The Move at Allianz, CNA and Aspen
This week, we have some executive changes to tell you about at Allianz, CNA and Aspen Insurance Holdings. *** Allianz Group's Allianz Global Corporate & Specialty has made a new executive hire in ...
Ex-Fireman’s Fund CEO LaRocco Named State Auto’s New Leader
An ex-Fireman's Fund CEO will become the new leader of State Auto Financial Corp., replacing the company's long-time leader as he readies for retirement. Michael LaRocco assumes the president and CEO ...
A.M. Best: Smaller Insurers Carry Advantage in Emerging Markets
In developing parts of the word, insurance carrier-size matters, but not in the way you might think. While large companies are making gains, smaller carriers are particularly thriving under the ...
Hochberg Moves Up as CEO of JLT Re in North America
Global reinsurance broker JLT Re announced last week that Ed Hochberg has been appointed as CEO of JLT Re in North America. Hochberg, who joined JLT Re as part of the 2013 Towers Watson Re ...
Federal Reserve May Slow Implementation of National Capital Rules
The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records ...