Specialty
Cat and Investment Losses Hamper Allied World’s Q2 Net Income
Allied World Assurance Company Holdings experienced big drops in net income during the 2015 second quarter, due in large part to catastrophe and investment losses. The Swiss insurer and reinsurer ...
ACE Lures Zurich’s Stapleton to Help Expand International Cyber Business
ACE Group snatched up a long-time Zurich executive to help propel its cyber insurance business internationally. Tim Stapleton is now vice president and cyber insurance product manager for ACE ...
AIG, Allianz Stand to Gain From Nestle’s $2.3B India Noodle Mess
As Nestle SA slugs it out with India's food regulator over the amount of lead in its popular Maggi instant noodles, the dispute is whipping up business for insurers. The local unit of American ...
Hackers Commandeer Moving Jeep; Fiat Chrysler Offers Software Patch
Fiat Chrysler Automobiles NV is offering a software patch to close a loophole that let two hackers take control of a moving Jeep sport utility vehicle in an incident spotlighting the vulnerability of ...
MGAs Next to Feel Capital Markets Impact: AmWINS’ DeCarlo
Now that traditional reinsurers are adjusting to the idea that third-party capital providers have moved into their space, managing general agents may be next to feel the negative impact of new ...
ACE’s Greenberg: Chubb Merger Talks Worked Well With Alcohol
ACE Ltd. Chief Executive Officer Evan Greenberg, who agreed this month to buy Chubb Corp., said integration talks went well with management at the target company, at least after drinks were served. A ...
French Insurer AXA Wants to Buy Genworth’s Lifestyle Protection Arm
Axa SA is in exclusive talks with Genworth Financial Inc. to buy its lifestyle protection insurance business for 475 million euros ($520 million) to create the third-biggest player in the European ...
Catlin’s Merger Driver: ‘A Duty of Care’
FROM THE ARCHIVES: A VINTAGE CARRIER MANAGEMENT ARTICLE FROM 2015 The unexpected combination of XL Group and Catlin came after two years of trust-building communication between the leaders of the ...