Industry News
ACE CEO Greenberg to Lead Southeast Asia CEO Mission
ACE Chairman and CEO Evan Greenberg is leading a U.S. delegation of executives to Southeast Asia with a focus on promoting mutual business opportunities. Specifically, he'll be bringing CEOs from the ...
Simpson Exits JLT Towers Re for Guy Carp, Bringing Rating Agency Expertise
Two days after JLT Towers Re announced that David Flandro was joining the firm from a prior position at Guy Carpenter, Guy Carpenter announced that it snagged two executives from JLT Tower Re—Eric ...
Primary Rates Pressured as Competitors Price In Lower Re Costs, Zurich’s Kerner Says
A slide in reinsurance rates under competition from catastrophe bonds is starting to weigh on prices that companies like Zurich Insurance Group AG charge their own customers. The decline in the cost ...
AIG’s Hancock Discusses Labor Moves to Philippines, Texas
American International Group Inc., the largest commercial insurer in the U.S. and Canada, is shifting workers to locations including the Philippines and Texas to reduce costs. "We're talking several ...
Anadarko’s $5.15B Environmental Cleanup Plan Gains Judicial O.K.
Anadarko Petroleum Corp.'s agreement to pay $5.15 billion for pollution cleanup across the U.S. was approved over objections from people who said their contamination-related illnesses won't be ...
AIG’s Rehab Continues With Improved S&P Outlook
The rehabilitation of American International Group Inc. continues with news that Standard & Poor's Ratings Services has improved its outlook for the insurance conglomerate. Two years after AIG ...
Pension Fund Stake in Reinsurance Could Soar to $900B, New JLT Re Exec Flandro Says
JLT Towers Re announced the appointment of David Flandro, a former Guy Carpenter executive, as Global Head of Strategic Advisory on Tuesday—days after he gave a talk on the value of buying ...
Google Driverless Cars, Minus Steering Wheels, Redefine Auto Risks
Google Inc is building cars that don't have steering wheels, accelerator pedals or brake pedals, in an ambitious expansion of the Internet company's efforts to develop self-driving cars. The small ...