Industry News
Paulson Hedge Fund Pulls Plug on Bermuda Reinsurer PacRe
Billionaire John Paulson's New York hedge fund firm has shut an operation in Bermuda that had been targeted by a Democratic lawmaker as a tax shelter. Paulson's venture, a reinsurer named PacRe Ltd., ...
MetLife Considers Spinning Off Retail Business to Ease Regulation
MetLife Inc., the largest U.S. life insurer, plans to separate much of its domestic retail business as Chief Executive Officer Steve Kandarian works to shrink the company amid tighter government ...
For carriers and MGAs, cloud-hosted insurance platforms can reduce IT overhead, strengthen business continuity, improve security, and make scaling claims...
Analyst’s Survey: Investors Back Icahn on AIG Breakup
Most American International Group Inc. investors believe that billionaire activist Carl Icahn is right that the insurer needs a new strategy, according to a Sanford C. Bernstein & Co. analyst who ...
Crash Rates Lower for Driverless Cars
Crash rates for self-driving cars are lower than the national crash rate of conventional cars, according to a new report out of Virginia Tech Transportation Institute that was commissioned by ...
Kochs, Obama Agree on Corporate Crime Compromise But Republicans Balk
President Barack Obama's drive to get one last legacy-enhancing act out of Congress -- revamping sentences for street-level drug crimes -- is hitting an impasse over crimes committed in corporate ...
P2P Insurance Startup Lemonade Attracts Sagalow, Other AIG, ACE Vets to Exec Roster
An instech startup looking to disrupt the property/casualty insurance industry with a new business model has turned to four seasoned insurance executives from traditional carriers AIG and ACE ...
Is Generali CEO Greco Leaving for Zurich? Investors Worry
Uncertainty over whether Mario Greco will stay on as chief executive of Generali rattled investors in Italy's top insurer on Monday after a Swiss newspaper reported rival Zurich Insurance was set to ...
Credit Swap Panel’s New Rules Address Conflicts of Interest
A derivatives industry group adopted new rules to mitigate conflicts of interest on a panel of banks and asset managers that determines when traders are paid on debt insurance. The International ...