Specialty
Global Insurance Premium Grows at Healthy Clip Despite Trade Slowdown: Swiss Re
Despite a challenging business environment and global trade slowdown in 2015, global direct premiums written grew by 3.8 percent in real terms, up from 3.5 percent in 2014, according to Swiss Re's ...
Miami Predatory Lending Lawsuit Heads to U.S. Supreme Court
The U.S. Supreme Court on Tuesday agreed to decide whether Miami can pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic home buyers resulting in loan defaults ...
VW’s $15B Diesel-Cheating Settlement Will Only Go Higher in Months Head
Volkswagen AG's $15.3 billion agreement to get a half million emissions-cheating diesel vehicles off U.S. roads sets an auto-industry record that will only go higher as criminal probes and lawsuits ...
Munich Re, Hartford Steam Boiler and CNA Launch New Products
There's a new app out from Munich Re's U.S. arm that helps homeowners make their home more resilient to severe weather events. The reinsurer's Hartford Steam Boiler recently launched personal lines ...
Executives On The Move at XL Catlin, Starr Companies, JLT Re and More
XL Catlin tapped a former AIG executive to lead its new division focused on global mergers and acquisitions. Starr Companies hired a new person to lead its Financial Lines arm. JLT Re named a Guy ...
China’s Fosun Pledges Ironshore Will Hit IPO ASAP This Year
Fosun Group, China's biggest private conglomerate, will list U.S. property/casualty insurer Ironshore Inc "as soon as possible" this year, Guo Guangchang, the company's billionaire co-founder and ...
Brexit Fallout: QBE to Review UK-Based Operations; Marsh Maps Exit Options
QBE Insurance Group announced this week that it will be reviewing its U.K.-based operations in light of last week's vote in the U.K. to leave the European Union. "The referendum outcome may require a ...
VW U.S. Settlement Price Tag Grows to $15B
Volkswagen AG's price tag to settle lawsuits in the U.S. over its rigging of diesel emissions tests has jumped to more than $15 billion—$5 billion more than previously reported. A settlement is set ...