Specialty
Deal Analysis: Why Validus Is Buying Western World
The combination of Validus Holdings and Western World Insurance Group fills in "missing pieces" for both organizations, Validus' chairman said Tuesday, detailing finer points of a $690 million deal ...
Willis’ Longmore Joins Marsh’s FINPRO
Marsh has announced that Ann Longmore will join the firm's FINPRO practice in New York as its new multinational practice leader effective July 7. Longmore will be responsible for helping Marsh ...
Spotlight on London, Innovation at 50th International Insurance Society Seminar
The International Insurance Society has come a long way since its first meeting in a conference room in Austin, Texas. The 50th edition of its annual conclave opened Monday morning in London at the ...
S&P Moves Berkshire Hathaway ‘AA’ Rating to Stable Outlook
Warren Buffett's Berkshire Hathaway Inc. had its credit outlook raised to stable from negative at Standard & Poor's as the company's capital position strengthened. The "AA" rating was affirmed. ...
Supreme Court Upholds Most of Administration’s Power to Curb Carbon Emissions
The U.S. Supreme Court on Monday trimmed the Obama administration's power to curb greenhouse gases under a long-running air pollution program in a decision that means most major facilities, including ...
U.S. Supreme Court Halliburton Ruling Will Help ‘Weed Out’ Weaker Cases
The U.S. Supreme Court tightened the limits on class-action lawsuits by shareholders, giving a partial victory to Halliburton Co. while stopping short of abolishing those suits altogether. ...
Gressier to Step Down from AXIS COO Spot
AXIS Capital Holdings Ltd. said Jack Gressier stepped down just months after the Bermuda-based insurer and reinsurer named him chief operating officer. Gressier, 46, won't be replaced, and his ...
Validus Buying Western World for Nearly $700M
Validus Holdings announced Monday that it signed a definitive agreement to acquire Western World Insurance Group for nearly $700 million, in a deal that leaves the management team and brand of the ...