Industry News
Who Signed the TRIA Letter?
The trade groups signing a Jan. 6 letter to the House of Representatives urging a YES vote on the TRIA reauthorization bill are: American Association of Managing General Agents (AAMGA) American ...
Year-End M&A Spurt Heralding Busy 2015 for Deals: Fitch
Six merger and acquisition announcements in the North American property/casualty insurance and reinsurance sectors in late 2014—and another global deal on the table—may herald a raft of deals in ...
CNA Pushes Into Canada With Specialty Coverage Options
CNA Financial Corp. is making a big push to grow its specialty lines business in Canada. The commercial insurer, which has Loews Corp. as a majority owner, said CNA Specialty will start accepting ...
The Hartford CEO Christopher Swift Adds ‘Chairman’ to His Title
Christopher Swift is now chairman of The Hartford Financial Services Group as well as its CEO. Swift became CEO in July and replaced Liam McGee, who stepped down from his position so he could focus ...
Aon Benfield Sees a Positive Angle In Reinsurance Capital Trends
The roller coaster ride engendered by the entry of large amounts of alternative capital into the reinsurance market – originally seen as a threat – has turned out to be a major factor in ...
Berkshire Hathaway Specialty Names Execs for New Hong Kong Operation
Berkshire Hathaway Specialty Insurance announced Sunday that it has received an insurance license to carry on all classes of general business in Hong Kong. BHSI also announced the following ...
Warren Buffett’s Berkshire Hathaway Pleases Investors With Takeover Push
Warren Buffett said last year that Berkshire Hathaway Inc.'s future will be about buying big businesses and expanding them over time. As he celebrates his golden anniversary running the company, ...
Australia Declares a Catastrophe as Wildfires Spread
Crews in South Australia are battling to stabilize wildfires and protect homes as a hot weather forecast in coming days threatens to fan the flames. Firefighters used planes from neighboring Victoria ...