Industry News
Crum & Forster Names Chief Claims Officer
On Friday, Crum & Forster announced that Anthony R. Slimowicz will join the firm as senior vice president and chief claims officer effective June 30, 2014. He will report to Doug Libby, chairman ...AIG Endorsement Responds to Supreme Court ‘Fraud on the Market’ Ruling in Halliburton
American International Group, Inc. insurers have introduced a new policy endorsement that ensures primary directors and officers (D&O) policy funds are immediately available to clients named as ...
Majesco’s Fall ’26 Product Release Accelerates the Journey to a Frontier Firm We are standing at the edge of a...
Carrier M&A Deal Counts Down, But Values Up Midyear: SNL
Merger and acquisition deal counts for the insurance industry jumped 20 percent through midyear, but broker deals drove the increase while carrier deal counts fell, according to a report from SNL ...
CFO Levy to Lead Re Division at Munich Reinsurance America Replacing Albo
On Thursday, Munich Reinsurance America announced that Chief Financial Officer Steven Levy has been named president of the Reinsurance Division, effective October 1, 2014. Levy replaces Pina Albo, ...
Merger Questions and Answers: Ironshore Ends Deal; Tower Deal Survives
Property/casualty insurance industry merger news continued late last week with Ironshore announcing that its deal to acquire an Australia specialist fell apart, while Tower got an assurance that its ...
El Niño Doesn’t Reduce Need for Hurricane Prep, Guy Carpenter Warns
Guy Carpenter & Co. LLC warned that the U.S. Atlantic and Caribbean coastal regions should prepare for at least two hurricanes to make landfall during the 2014 season, even with ...
Aspen Tells Shareholders to Snub Endurance’s New M&A Overtures
Endurance Specialty Holdings Ltd. may want to buy Bermuda reinsurance rival Aspen Insurance Holdings Ltd., but its acquisition target is doing everything it can to resist the hostile bid. In its ...
TransRe, Pillar Management Up Stakes in Pillar Capital to 50% Each
Pillar Capital Holdings Limited, a Bermuda-based insurance asset manager specializing in collateralized reinsurance and catastrophe insurance-linked securities, announced Tuesday that shareholders ...