Industry News
Former Oppenheimer Exec Sentenced to Prison in Insurer-Sale Fraud
A former Oppenheimer & Co. Inc. executive was sentenced to almost two years in prison for his role in a fraud that prosecutors say led to the collapse of an Oklahoma insurance company. Allen ...
Allianz Exec Views Hedge Funds as Insurance Industry Asset
Chris Fischer Hirs, the head of Allianz SE's specialty insurance business, said he welcomes the growing participation of Wall Street in the insurance industry as an opportunity, not a threat. "Hedge ...
How Insurers Can Wield Social Media to Attract Millennial Customers
Bloomberg has reported that the rate of home ownership in the United States is at its lowest level in 20 years and the number of first-time buyers entering the market is at an almost 30-year low. The ...
Cyber Risk Insurers Lag in Buying Cyber Cover
As recently as two years ago, only half of the top 10 carriers writing cyber insurance had purchased cyber coverage themselves, a broker specialist said recently. During an interview at the Standard ...
QBE NA Selling Lender-Placed Biz to National General Holdings
On Wednesday, National General Holdings Corp. added another potential deal to a list of a growing list of acquisitions, announced that it has reached an agreement to buy the lender-placed Insurance ...
Specialty Programs Poised for Growth in 2015: Guy Carpenter
The specialty program market continues to thrive, with a positive outlook and growth opportunities expected for the year ahead, according to a new survey. Global risk and reinsurance specialist Guy ...
Q2 Cat Bond Issuance Robust, But Below Record 2014 Levels: Aon Benfield
Catastrophe bond issuance came in at a healthy clip during the 2015 second quarter, but the half-year total dipped considerably from the same, record-breaking period in 2014, Aon Benfield found in ...
AmWINS New Cyber Facility Offering $100M XS Capacity
Pointing to the declining appetites of insurers offering cyber insurance to large insureds, AmWINS announced the launch of a new dedicated excess facility, offering up to $100 million in excess cyber ...