Industry News
CEO Diekmann Likely to Stay at Allianz Helm
Allianz is set to extend the contract of its Chief Executive Michael Diekmann by two years as the German insurer seeks to soothe the turmoil over leadership change at its PIMCO subsidiary, a German ...
FTC Review Delays Verisk’s $650M EagleView Deal
Verisk Analytics Inc., the supplier of data to insurers and banks, said its planned $650 million takeover of EagleView Technology Corp. has been delayed amid a review by antitrust regulators. The ...
AIG Bailout on Trial: Was it Legal?
One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International ...
Amtrak Seeking More than $500M From Insurers for Sandy Losses
Amtrak filed a lawsuit last week against more than a dozen insurers, claiming that the railroad operator is entitled to recoup additional proceeds for Superstorm Sandy losses from its insurers. ...
PIMCO’s Gross Exit, Fireman’s Fund Struggles Challenge Allianz Leaders
German insurer Allianz suffered a humiliating blow on Friday with the resignation of renowned investor Bill Gross as leader of PIMCO, the asset manager Allianz relies on for one fourth of its ...
SCIF Cat Bond Priced 40% Lower Than 2011: Willis Capital Markets
On Friday, Willis Capital Markets & Advisory said it placed a $250 million catastrophe bond transaction for, California's largest provider of workers' compensation insurance. Golden State Re II ...
Swiss Re’s Donnell: TRIA Needed in an Uncertain World
In business and life, it's important to know one's strengths and weaknesses. While the insurance industry is adept at modeling windstorms, anticipating emerging liability risks and ensuring orderly ...
Chubb Eyes Biorenewable and Industrial Biotech Opportunities
The Chubb Group of Insurance Companies is rolling out new insurance products and risk-management programs for both biorenewable and industrial biotechnology outfits. New Jersey-based Chub defines ...