Specialty
U.S. D&O Coverage Declines by Double Digits in Q3
Pricing is plunging for U.S. based directors & officers liability insurance. Aon Risk Solutions' latest quarterly pricing index noted a double-digit decline. Fitch Ratings said that D&O ...
Former Catlin Exec to Lead Ironshore’s Europe Expansion
Ironshore is opening new offices in Germany, Switzerland and The Netherlands, with further expansion in Continental Europe expected down the line. What's more, the Bermuda-based specialty insurer ...
AIG Wants to Sell $750M Stake in Chinese P/C Insurer PICC
American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, is seeking $750 million by selling shares in PICC Property & Casualty Co. after ...
Are Commercial Auto Insurance Improvements Coming to a Stop?
Through 2014, the commercial auto insurance industry has seen solid improvements in both underwriting and operating performance. A.M. Best sees trouble ahead in the form of industry trends that could ...
Executives On The Move at Chubb, ACE and Everest Re
Chubb appointed a temporary chief operating officer. It's future, $28 billion merger partner ACE Ltd announced much of the combined companies' Canadian leadership team. Everest Re extended the ...
Zurich Insurance Hikes Job Eliminations and Relocations to at Least 1,800 Slots
Zurich Insurance Group AG, Switzerland's biggest insurer, is increasing job cuts and relocations to a total of at least 1,800 at the company reduces costs and overhauls its biggest unit. The company ...
Ironshore Expands Into New Zealand Market
Ironshore Inc., now fully owned by Chinese mega-conglomerate Fosun Group, has entered the New Zealand market in a move that furthers its Asia Pacific expansion. Specifically, Ironshore International ...
The U.S. and China Will Expand a Planned Cybercrime Crackdown
U.S. and Chinese officials have agreed to expand cooperation to crack down on cybercrime as China's state- run news agency said a hacking attack on the U.S. Office of Personnel Management was carried ...