Specialty
SEC Seeking to Dole Out $600M-Plus SAC Settlement
The U.S. Securities and Exchange Commission wants to make its $602 million settlement with SAC Capital Advisors hedge fund available to people who say they are victims of illicit trading by a former ...
Three Years Later, Some MF Global Creditors Getting Paid
A large group of creditors of MF Global Holdings Ltd.'s bankrupt brokerage unit will soon receive their first payout, as $518.7 million of checks start to be mailed out on Friday, the third ...
Prosecutors Seek Death Penalty for South Korea Ferry Captain
South Korean prosecutors on Monday demanded the death penalty for the captain of a ferry that sank in April, killing more than 300 people, and life sentences to three key crew members, a court ...
QBE NA Appoints Kronenberg, Former XL Environmental CEO, to Board
QBE North America has appointed William Kronenberg III to its board of directors. With nearly 40 years of experience in the insurance industry, Kronenberg is well suited to assist in enhancing QBE's ...
Progressive at PCI: Telematics Will Become Ubiquitous Underwriting Tool
A Progressive Insurance Group executive asserts that automated automobile technology won't become ubiquitous for years. On the other hand, he predicts, the equally transformative use of telematics ...
Guy Carpenter Unveils U.S. Healthcare and Life Specialty Practice
In the wake of the Affordable Care Act and its expanded healthcare coverage in the U.S., Guy Carpenter & Co. has reorganized and expanded its effort to cater to healthcare providers and insurers ...
Allianz Global Corporate & Specialty Reorganizes to Support New Growth
Allianz Global Corporate & Specialty SE (AGCS) is reorganizing its regional management structure to accommodate new growth. In a related move, it is launching a new business line targeted to ...
Chubb Thrives in Q3 on Higher Premium Revenue
Chubb Corp., the insurer of corporate boards and mega-yachts, said quarterly profit rose 9.8 percent in the company's first increase of the year as premium revenue increased. Third-quarter net income ...