Reinsurance
Executives On The Move at Hamilton and Chubb
Two executives – veterans of Chubb and Appella – are joining Hamilton Insurance Group to take on leadership positions within its Lloyd's operations. Chubb appointed one of its veteran executives ...
ReSource Pro Grabs Insurance Consulting Firms Strategy Meets Action, The Nolan Company
ReSource Pro said it has acquired two strategic advisory and management consulting firms focused on property/casualty insurance: Strategy Meets Action and The Nolan Company. ReSource Pro, an ...
Munich Re US CEO Levy to Retire after Q1; Winter Will Replace Him
Steven Levy, the longtime president and CEO of Munich Re US, plans to retire on April 1. Munich Re executive Marcus Winter will replace him, the company disclosed. Levy has worked for Munich Re US ...
W.R. Berkley Corp. Sells NYC Office Complex for $105M Pre-Tax Net Gain
W.R. Berkley Corp. sold off one of its real estate investments – a New York City office complex – at the end of 2020. The sale generated a $105 million pre-tax net gain, according to the ...
Boeing Will Pay $2.5B to Resolve U.S. Criminal Probe of 737 MAX Crashes
Boeing Co will pay more than $2.5 billion in fines and compensation after reaching a settlement with the U.S. Department of Justice over two plane crashes that killed a total of 346 people and led to ...
Norwegian Landslide Will Cost Insurers $107M
COPENHAGEN, Denmark (AP) – A landslide that swept away homes in a residential area north of the Norwegian capital will cost insurance companies at least 900 million kroner ($107 million), a ...
2020 Temperatures Rounded Off Hottest Decade, Hit Record
Last year tied with 2016 as the world's warmest on record, rounding off the hottest decade globally as the impacts of climate change intensified, the European Union's Earth observation service said ...
ABIR Names New Officer Slate for Next Two Years
The Association of Bermuda Insurers and Reinsurers (ABIR) disclosed its new slate of elected offers for 2021-2022. They are: Chair Marc Grandisson, CEO of Arch Capital Group Ltd; Deputy Chair Pina ...