Industry News
Greenlight Re Posts Third Straight Quarterly Loss
Greenlight Capital Re Ltd. posted its third straight unprofitable quarter on losses in the investment portfolio overseen by hedge-fund manager David Einhorn. The net loss for the period ended Sept. ...
Swiss Re America’s Donnell to Become New NCCI CEO as Klingel Retires
Swiss Re America executive, William (Bill) E. Donnell, is set to leave his post at the reinsurance to become the new president and chief executive officer of the National Council of Compensation ...
Executives On The Move at OneBeacon, Arch, ProSight, Aon Benfield and JLT
We have new hires and promotions to tell you about at OneBeacon Insurance Group, Arch Insurance Group, ProSight Specialty, Aon Benfield and JLT Specialty: *** OneBeacon Insurance Group brought on ...
Ameriprise Financial to Exit Travel Insurance Market After Loss
Ameriprise Financial Inc., which is celebrating the 10th anniversary of its spinoff from American Express Co., is abandoning an unprofitable push into travel insurance. "We had a loss associated with ...
Hackers Targeting $330B Space Economy
Space, the "final frontier," is rapidly becoming an extra-terrestrial battleground for corporate espionage and other types of cyber attack as hackers seek to gain commercial advantage from rival ...
Tizzio, Ex-AIG CEO Greenberg’s ‘Right Hand,’ Has Died at 77
Thomas Tizzio, a retired vice chairman of American International Group Inc. who was once seen as a possible successor to its former chief executive officer, Maurice "Hank" Greenberg, has died. He was ...
Knowledge Gaps and Convergence
Insurers covered $500 billion in catastrophe losses in the last 10 years. That huge number appears in Swiss Re's recent sigma report, "Underinsurance of Property Risks: Closing the Gap." It's hardly ...
Chubb Investors Oppose $80M Golden Parachute for CEO
Chubb Corp. shareholders opposed an $80 million golden parachute payment for Chief Executive Officer John Finnegan, who struck a deal to sell the insurer to ACE Ltd. About 61 percent of voting ...