Industry News
Cathay Financial Holding to Acquire Conning
Financial services provider Cathay Financial Holding Co. Ltd. announced Wednesday that the board of directors of its subsidiary, Cathay Life Insurance Co. Ltd., approved the acquisition of global ...
Survey: Cyber Attacks + Terrorism Top Reinsurance Worries
Cyber attacks and terrorism may be shaping up as the big emerging risks reinsurers face in 2015. About 40 percent of industry respondents to a recent Guy Carpenter & Co. survey said cyber attacks ...
Global Insurers Bidding for Turkey’s Halkbank Insurance/Pension Arms
Insurers from Europe, Asia and the United States are among some 20 potential bidders in the sale by Turkey's state-run Halkbank of its pension and insurance arms, three sources close to the process ...
Marsh Announces Senior Executive Appointments
Insurance broker Marsh on Monday announced two executive appointments, naming Michael Cormier head of Portfolio Development and hiring Michael Poulos as head of Client Advisory Services. Cormier most ...
Hudson Insurance Acquires Surety Business Portfolio
Hudson Insurance Group has acquired the underwriting operations of Surety Partners of America, Northeast. As part of the transaction, Michael Blount and James Balzan will join the team at Hudson ...
Liberty Mutual Discloses Major Q3 Gains
Liberty Mutual Holding Company concluded its 2014 third quarter with another jump in net income, higher revenues, a new reinsurance agreement and more than $1 billion in debt raised to help ...
Allied World Makes Buy in Bid to Boost Its Specialty Coverage
Allied World Assurance Company Holdings is making an acquisition designed to boost its specialty coverage business involving trade credit and political risk. The Swiss property/casualty and specialty ...
General Motors Dogged By More Ignition Switch Injury Claims
A program to compensate the victims of a faulty ignition switch in General Motors Co vehicles found last week that the part was linked to two additional deaths and four injuries, bringing the total ...