Industry News
Willis Debuts Sharia Compliant Commercial Real Estate Insurance in U.K.
Willis Group Holdings will start offering the first Shariah compliant commercial real state insurance in the U.K., with security provided by QBE Insurance (Europe) Ltd. and XL Group. Coverage is ...
Travelers Names Schnitzer Unit CEO as Cunningham Departs
Travelers Cos. promoted Alan Schnitzer to chief executive officer of the newly created business and international insurance segment. Travelers CEO Jay Fishman is consolidating duties among managers ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
Fitch Ups Lloyd’s Rating to ‘AA-‘
Fitch Ratings upgraded Lloyd's of London's insurer financial strength rating to "AA-" from the "A+," the rating agency announced Tuesday, with an expectation of better "cross-cycle underwriting ...
Allianz SE’s El-Erian: Fed Policies May Have Produced New Bubble
Investors might be surprised to learn that they have a lot riding on something that they pay very little attention to: macro-prudential regulation, or what central banks and other government agencies ...
Judge Rules Bonus Awards to WTC Cleanup Workers Came Too Soon
A judge acted prematurely in awarding a $55 million bonus payment to thousands of rescue and cleanup workers at the World Trade Center site who settled lawsuits against New YorkCity over damage to ...
Will New CEO Christopher Swift Continue The Hartford’s Current Path?
Who is Christopher Swift? Will he be the CEO that Hartford Financial Services Group needs as it continues its revamp, focusing more heavily on its P/C group and mutual funds divisions in the months ...
Endurance Unveils Exchange Offer for Aspen’s Outstanding Shares
Endurance Specialty Holdings Ltd. - bound and determined to acquire Aspen Insurance Holdings Ltd. – launched an exchange offer for all outstanding shares of its Bermuda reinsurance rival, dogged ...
Hartford CEO McGee Steps Down for Medical Reasons
Hartford Financial Services Group Inc. promoted Christopher Swift to chief executive officer, replacing Liam McGee, who repaid the insurer's bailout and is stepping down after a medical procedure. ...