Industry News
Allianz Announces New Leadership for Fireman’s Fund, AGCS NA Combo
German insurance giant Allianz announced a new team that will lead the combined Fireman's Fund and Allianz Global Corporate & Specialty North American business beginning in 2015. Andrew Torrance, ...
Allianz Names Moossmann Fireman’s Fund CEO, Replacing Torrance
Allianz SE named a new chief executive officer for its Fireman's Fund unit as Europe's largest insurer prepares for a possible sale of the business and narrows its focus in the U.S. Art Moossmann, a ...
The answer to an underwriting or claims question may already be in the file. Getting to it can mean opening...
Specialty Insurer James River Raises $231M in IPO
James River Group Holdings Ltd., the specialty insurer backed by hedge fund company D.E. Shaw & Co. and Goldman Sachs Group Inc., raised $231 million in an initial public offering, pricing its ...
Kemper Eyes California Auto Expansion With $70M Alliance United Bid
Kemper Corp. will snatch up Alliance United Group and its subsidiaries for about $70 million, a move that fuels a California expansion for the company. Assuming regulatory and other conditions can be ...
S&P Rates Berkshire Hathaway Specialty Insurance Co. ‘AA+’ With Stable Outlook
Standard & Poor's has assigned Berkshire Hathaway Specialty Insurance Co. a "AA+" long-term counterparty credit and financial strength rating with a stable outlook. S&P said it views BHSI as ...
Allianz: New Materials, Lawsuits Driving Up Aviation Claims Costs
Even as aviation becomes safer overall, everything from new materials in plain design to more lawsuits is driving up the cost of claims, Allianz concluded in a new study. Details can be found in the ...
Insurers Win House Passage of Dodd-Frank Capital Standards Revision
The U.S. House of Representatives approved a bill that would ease capital and liquidity standards for insurers under the Dodd-Frank Act. A major insurance lobbying group, meanwhile, heralded the vote ...
Willis Group Closes Purchase of IFG Financial Businesses in Ireland
Willis Group Holdings completed its acquisition of a number of Irish pension and financial advisory businesses from IFG Group for an undisclosed price. The deal went through subsidiary Willis ...