Specialty
Egan Cuts Ties with Reinsurance Venture Partner Oaktree Capital
Bill Egan, the former Bank of America Corp. banker who was working with Oaktree Capital Group LLC to start a reinsurance venture, has cut ties with the asset manager, according to people familiar ...
Executives On The Move at XL Group, Swiss Re and Hannover Re
XL Group hired a longtime Lloyd's of London executive for a newly created position. Hannover Re promoted three people in various, key roles. Swiss Re has a new CEO of its North America division. *** ...
Aspen Designates New Insurance, Reinsurance CEOs as Vitale Discloses Retirement
Bermuda-based Aspen Insurance Holdings Ltd. is naming new leaders for its insurance and reinsurance segments after one executive retired and the other got a promotion. The executive changes come as ...
30% of Businesses Lack Cyber Insurance: HSB Survey
Half of U.S. businesses have either purchased cyber insurance for the first time or increased their level of coverage in the last year, according to a survey of risk managers by The Hartford Steam ...
SCOTUS Surprises Force Companies to Rethink Class Action Strategy
Lawyers for companies trying to fend off costly class action lawsuits are rethinking longstanding legal strategies after businesses lost two key U.S. Supreme Court cases as well as their staunchest ...
AIG General Counsel Russo to Retire; Was Key Player in Bailout Negotiations
Tom Russo, who helped American International Group Inc. negotiate the end of its U.S. bailout, is retiring from his post as general counsel. Russo, 72, will stay with the insurer until a replacement ...
U.S. Commercial Lines Insurance Poised for Decline
The U.S. property/casualty insurance commercial lines sector is poised for a decline in 2016 after a stellar three-year run, with cyclical pressures to blame, Fitch Ratings said in its latest market ...
Investigators Believe Amtrak Engineer Was Distracted Moments Before 2015 Philly Crash
The Amtrak engineer at the controls of a speeding train that derailed in Philadelphia last year, killing eight people, was distracted in the moments before the accident, U.S. investigators are ...