Specialty
Uber Insurer James River Jumps Into Junk-Rated Loans
The insurer that ride-sharing service Uber Technologies Inc. uses to protect drivers and passengers is going public, promoting how it's more willing than competitors to invest in junk-rated loans. ...
Verisk Grabs ‘Complementary’ British Rival for $31.6M
Verisk Analytics snatched up a British analytics and advisory outfit for more than $31.6 million, beefing up its research and data capacity for geopolitical and other risks in the process. The New ...
Berkshire Hathaway Specialty Arm Hires AIG, Catlin Execs For Singapore Expansion
Berkshire Hathaway Specialty Insurance announced Sunday that it received a non-life insurance license in Singapore, and named several executives to staff up the operation—two formerly from AIG and ...
AXIS Capital Holdings’ Board O.K.’s New $750M Share Repurchase
AXIS Capital Holdings Ltd. plans to repurchase $750 million in its common shares over the next two years, adding to an already sizable buyback of a few billion dollars worth of shares. The ...
Swiss Re, Prudential, Eye African Reinsurance and Pension Opportunities
A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and ...
Willis Group Hires Swiss Re Vet For New Collaboration-Centric Executive Slot
Willis Group Holdings has created a new executive position focused on boosting collaboration within the company. A veteran of Swiss Re and elsewhere will fill the slot. Stefan Spohr is now the ...
Aspen Replaced its Chief Financial Officer
Aspen Insurance Holdings Ltd. has picked a new chief financial officer, choosing to fill the position from within. The Bermuda-based reinsurer and insurer disclosed on Dec. 5 that Scott Kirk has been ...
Program Market a Target for Expansion, Good & Bad
The program insurance business market enjoyed its third consecutive year of growth in 2013 and appears on track to continue its expansion. However, while program business is attracting new interest, ...