Industry News
Ironshore Acquires Novae Group’s Agricultural Team and Renewal Book
Bermuda-based Ironshore International announces the acquisition of the reinsurance renewal rights to Novae Group's global agriculture reinsurance portfolio. The transfer is conditional on Lloyd's ...
Californians Urged to Buy Flood Insurance Ahead of El Niño
Federal emergency officials are urging Californians to buy flood insurance—even those who don't live near creeks or rivers—as El Niño conditions get underway in the Pacific Ocean, increasing ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
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 ...