Specialty
Takata Air Bag Part Recall Hits 14M in Expanded U.S. Effort; Disputes Remain
Japan's Takata Corp declared nearly 14 million air bag inflators defective as part of an expanded U.S. recall, but it said it considered the recall investigative, leaving the thorny question of ...
Activist Investor Carl Icahn Buys More AIG Shares
Activist investor Carl Icahn has raised his stake in American International Group Inc by 5.2 percent, putting him in a better position to pressure the insurer to split into three independent ...
Slow 2015 Premium Growth Could Reflect ‘New Normal’ for U.S. P/C Insurers
For U.S. property/casualty insurers, net written premium still grew in 2015, but the rate of expansion is slowing, and the industry's collective combined ratio worsened slightly, according to a new ...
Executives On The Move at XL Catlin, Zurich, Marsh and QBE
XL Catlin added four new executives to beef up its global energy team. Marsh hired a new key executive. QBE North America promoted an executive in its specialty programs arena. Zurich named a new ...
Self-Driving Cars Could Create Traffic Congestion Surge
Self-driving cars are expected to usher in a new era of mobility, safety and convenience. The problem, say transportation researchers, is that people will use them too much. Experts foresee robot ...
EU Departure Places London’s Status as Finance Hub at Risk: BoE Official
London has no "God given" right to remain a global banking center if Britain were to leave the European Union, Bank of England Deputy Governor Andrew Bailey said on Monday. Some 250 foreign banks ...
Hanover Picks Aetna Executive Zubretsky to Replace the Retiring Eppinger as CEO
The Hanover Insurance Group chose a veteran Aetna executive as its replacement for Frederick Eppinger, its longtime CEO, who announced last September that he planned to retire. Joseph Zubretsky will ...
National Commission on Cybersecurity Convenes in NYC on May 16
A national commission focused on developing ways to enhance national cybersecurity is set to meet on May 16 in New York City, and property casualty insurers are making sure they have a stake in the ...