Specialty
Munich Re Takes Big Tianjin Explosion Hit; XL Catlin, Allied World Impacted Less
Munich Re, XL Group and Allied World are among the latest insurers and reinsurers disclosing catastrophe costs stemming from the Tianjin port explosion in China earlier this fall, and the hits range ...
Novarica: U.S. Small Commercial Insurance Market Slowly Warming to Online Sales
Few carriers in the U.S. small commercial insurance market are relying on direct online sales right now. But the number is growing, and it could become quite large within the next five years, ...
AIG CEO Reportedly Warns Staff Lifetime Employment Is Not Guaranteed
American International Group Inc. Chief Executive Officer Peter Hancock, who is shrinking the company while fighting off an activist investor, told staff that they can't all count on lifetime ...
BHSI Has Asia in Sight With New D&O Liability, Professional Indemnity Policies
Berkshire Hathaway Specialty Insurance, with an eye on expanding in Asia, is marketing new D&O liability and professional indemnity policies to commercial and financial firms. The insurer's ...
Buffett’s Railway Company Helped Lead Successful Effort to Delay Train Safety Tech
When an Amtrak passenger train derailed in Philadelphia in May, killing eight people and injuring scores more, the railroad industry's campaign to delay a Dec. 31 deadline to install technology to ...
Executives On The Move at QBE, PartnerRe, Aspen and Willis
We have promotions and appointments to tell you about at QBE North America, Aspen Insurance Holdings, PartnerRe and Willis Group Holdings: *** QBE North America is bringing on a veteran of Fireman's ...
AIG CEO Rejects Icahn Plan to Split Insurance Giant Into 3
American International Group Inc. Chief Executive Officer Peter Hancock dismissed activist investor Carl Icahn's proposal to split the company into three insurers, saying a separation would limit ...
AIG Loses $231M in Q3; Up to 400 Senior-Level Jobs on Chopping Block
American International Group Inc., the insurer facing pressure from activist shareholder Carl Icahn for a breakup, posted a third-quarter loss as investment results deteriorated. The company plans to ...