Industry News
Germany Approves Draft Law Extending Nuclear Liability for Utilities
German Chancellor Angela Merkel's cabinet approved a draft law on Wednesday which ensures that utility companies remain liable for costs associated with the shutdown of the country's nuclear power ...
Hamilton USA CEO Ward Resigns; Deutsch to Serve as Interim Head
Hamilton USA CEO Conan Ward has resigned less then two years after taking on the job to develop Bermuda-based parent company Hamilton Insurance Group's U.S. operations. Hamilton Insurance Group ...
Ironshore Sees Opportunity in Emerging Hospital Liability Exposures
Ironshore Inc. said it is introducing new coverage for hospitals and healthcare systems designed to address both existing and emerging liability exposures. The new policy—LeadingEdge—comes out ...
Ex-U.S. Sen. Ben Nelson Won’t Renew Contract as NAIC CEO
Former U.S. Senator Ben Nelson will not renew his contract as chief executive officer of the National Association of Insurance Commissioners (NAIC), the group announced. Nelson's current term ends on ...
Insurance, Big Pension and Sovereign Funds Scaling Back Emerging Market Investments
Big pension, insurance and sovereign funds may be scaling back investments in emerging markets amid disappointing returns and a darkening outlook for the sector. These deep-pocketed funds -- global ...
China Insurers Pursue Western Carriers as Mentors
Chinese insurers are pursuing strategic tie-ups and outright M&A to tap Western expertise, keen for knowledge on products, pricing and technology as a nascent market for health and property ...
Q3 Property Cat Bond Issuance Hit $700M: Verisk
Nearly $700 million in property cat bond issuance took place during Q3 2015, a number considered relatively light compared to past years, noted a new report from the Property Claim Services unit of ...
Executives on the Move at Liberty Mutual, Validus Re, Willis and More
We have new hires and promotions to tell you about at Liberty Mutual, Validus Re, Willis and Markel International: ** Liberty Mutual Insurance has a new executive vice president and general manager ...