Industry News
RSA Selling Latin American Operations to Suramericana SA for $620M
RSA Insurance Group plc, which received a takeover approach from Zurich Insurance Group AG, agreed to sell its Latin American operations to Suramericana SA for about 403 million pounds ($620 million) ...
U.S. Railroads May Escape Risky Freight Obligations if They Miss Jan. 1 Safety Deadline
U.S. railroads may not be obligated under federal law to carry freight including crude oil and hazardous materials from Jan. 1 if they fail to meet a year-end deadline for implementing new train ...
Allianz & Maiden Keep Automotive OEMs in Sight With Expanded Insurance Partnership
Allianz is expanding its alliance with Maiden Holdings with a goal of bringing new insurance coverage to automotive original equipment manufacturers and their customers. Neither side is disclosing ...
Executives On The Move at Zurich, Hiscox and More
We have a number of promotions and new hires to tell you about at Zurich, Generali, Hiscox and Preferred Mutual. *** Zurich Insurance Group is bringing in a new CEO to run its general insurance ...
Japan’s Mitsui Sumitomo Insurance to Snatch Up Amlin for $5.3B
MS&AD Insurance Group Holdings Inc. agreed to buy Lloyd's of London insurer Amlin plc for about 3.47 billion pounds ($5.3 billion), joining an overseas deal spree by Japanese peers. Amlin shares ...
S&P Upgrades SCOR to AA-
Standard & Poor's upgraded its insurer financial strength rating on SCOR SE to AA- from A+, the rating agency announced Friday, citing the reinsurer's strong competition position as a factor ...
P/C Insurers Among Fortune’s Fastest Growing Companies
Even though growth seems hard to come by for property/casualty insurers, five made the top 25 of Fortune's 100 fastest growing companies published late last month. One of the five—Federated ...
Drought’s Economic Damage Went Global in August: Aon Benfield
Severe drought in the western U.S. caused economic losses in August of at least $3 billion, mostly from agricultural damage in California, Aon Benfield's Impact Forecasting said in a new report. ...