Industry News
Lawson to Succeed Subramaniam as CEO of FM Global in 2015
FM Global announced Thursday that Executive Vice President Thomas A. Lawson will succeed Shivan S. Subramaniam as chief executive officer, effective Jan. 1, 2015. For now, Lawson has been appointed ...
CoreLogic: 6.5M U.S. Homes at Risk From Storm Surge
More than 6.5 million homes along the U.S. Atlantic and Gulf coasts are at risk of storm surge inundation, representing nearly $1.5 trillion in total potential reconstruction costs, according to ...
Aviva Pledges Renewed Cost-Cutting Effort to Boost Profit
Aviva Plc CEO Mark Wilson pledged to continue cost cuts and to focus on a smaller number of markets in an effort to boost earnings of U.K.'s second-biggest insurer by market value. Wilson plans to ...
Tower Group Shareholders to Vote on ACP Re Merger in August
Tower Group International's shareholders will finally get their chance to approve or reject a merger agreement with ACP Re, months after the proposed deal was first announced. The Bermuda insurer and ...
Specialty Insurance Group Launched by Trio of Insurance Veterans
A trio of specialty and risk insurance veterans has launched Specialty Insurance Group (SIG) to provide custom programs for the ever-changing needs of the sports, leisure and entertainment markets. ...
Swiss Re Sees Emerging Risks in Smart Cities and Rubber Tree Plants
Property/casualty and other insurers face a number of new emerging risks, and they're not necessarily what, or where, you'd think. Technological issues relating to smart cities, plant pathogens that ...
New Agri Re Team Joins Endurance
On Tuesday, Endurance Specialty Holdings Ltd. announced that Avery Cook and Kristopher Lynn will join Endurance later this month to underwrite and manage international agriculture reinsurance ...
Allianz Outlines the Insurance Needs of Emerging-Market Skyscrapers
As the number of skyscrapers and high rises jumps almost exponentially in Asia and the Middle East, the insurance industry faces major challenges in covering risks from construction to completion and ...