Industry News
AIG to Grow in Ireland With a Health Insurer Acquisition
American International Group is expanding its health insurance offerings with a new acquisition in Ireland. AIG said it will buy Layla Healthcare, Ireland's second largest health insurer, and that ...
Berkshire Hathaway’s Gen Re Advances Two Execs; Tooker Resigns
General Re Corp., one of the reinsurance units at Warren Buffett's BerkshireHathaway Inc., named Robert M. Jones and Carole M. Ferrero to lead direct sales of property- casualty coverage. Jones will ...
State of Core Solutions Transition: Which Tech Priorities Are Being Carried Out?
Presented by Majesco
You have two watches. Your first watch is analog. It has dials, gears, crystals and movements. It is a machine...
Karen Clark Rolls Out New U.S. High-Res Storm Surge Model
Karen Clark & Co. is rolling out a new U.S.-focused high-resolution storm surge model. The catastrophe risk company said the new model brings advances to the market including fully transparent ...
RMS Names Isaacson CTO
RMS announced Tuesday that it has appointed Cory Isaacson to the role of chief technology officer. He reports to CEO Hemant Shah and will lead the development of RMS(one). Isaacson was previously ...
Loeb’s Third Point Re Picks U.S. Location, Discloses Offering Plans
Third Point Reinsurance Ltd., the Bermuda- based company co-founded by hedge-fund manager Dan Loeb, has picked Short Hills, New Jersey, as the location for a new U.S. subsidiary. Shane Haverstick, ...
Suits Against Haliburton, KBR Concerning Overseas Conduct to Proceed
The U.S. Supreme Court on Tuesday allowed lawsuits to move forward against government contractors in Iraq and Afghanistan by declining to hear appeals filed by KBR Inc and Halliburton Co. The high ...
Willis Group Reorganizes and Promotes a Key Executive
Willis Group Holdings plc has officially reorganized from three operating segments into four, and promoted a key executive as part of the changes. The global insurance/reinsurance broker and risk ...
QBE Selling U.S. Agency Biz For $300M
QBE Insurance Group Ltd. announced Tuesday that it is selling its U.S. agency businesses to California-based Alliant Services Inc. for about $300 million and exiting the distribution business. The ...