Industry News
Hamilton Looking for U.S., London Insurance Platforms, Duperreault Says
Days after Validus CEO Ed Noonan told analysts about a goal to expand his group's direct insurance footprint in the United States, Hamilton Insurance Group CEO Brian Duperreault said his company ...
Chubb Survey: Execs Worry About Overseas Expansion Risks
As U.S. and Canadian businesses plan to expand their business overseas this year, their executives are worried about supply chain failures, data breaches and political instability, according to a ...
Train Carrying Crude Oil Tanks Derails in Central Va.
A CSX Corp. crude train derailed in Lynchburg, Va., sparking a fire in at least one tank car, spilling oil into a river and triggering a partial evacuation of the city's downtown. No injuries were ...
ACE Advances Thailand Acquisition After a Robust Q1
Earlier this week, ACE Ltd., working with a local partner, finished its acquisition of a 60.9 percent stake in a general insurance company in Thailand. Chairman and CEO Evan Greenberg said Wednesday ...
Munich Re CEO Blames Capital Mkt Interest Rates For Profit Hit
Munich Re' s net profit fell in the first quarter, its chief executive on Wednesday, hit by low capital market interest rates that continue to weigh on investment income at the world's largest ...
Walmart Joining Overstock.com in Insurance Shopping Game
Just days after Overstock.com, Inc. announced it is now offering insurance for vehicle, residential and small businesses on its online shopping site, Walmart says it is offering customers online ...
Validus Looking to Grow in U.S. Insurance Market, CEO Says
The chief executive officer of Validus Holdings said that there are growth opportunities for the group's insurance operations in the United States, at a time when growth for the Bermuda reinsurance ...
S&P Ups Philadelphia Insurance Rating to ‘AA-‘
Philadelphia Insurance Companies announced Tuesday that Standard & Poor's upgraded the company's financial strength to "AA-" from "A+" last week. S&P's action, lifting the ratings of the ...