Industry News
Iglesias Succeeds Knight as President of Allied World North America
Allied World Assurance Company Holdings, AG has appointed Lou Iglesias as president for Allied World North America. Iglesias is currently president, U.S. Property & Casualty. He succeeds Gordon ...
Oracle Denied Bid to Have D&O Insurer Beazley Pay $20M Over Ellison Acquisition
Oracle Corp. can't rely on an insurer to pay $20 million to help settle shareholder claims over the software maker's acquisition of a company controlled by Oracle founder Larry Ellison, a judge ...
Montpelier Appoints Brookman SVP, Head of Capital Markets
Montpelier Re Holdings Ltd., a leading provider of short-tail reinsurance and other specialty lines, on Thursday announced that Daniel Brookman has been appointed senior vice president and head of ...
Income Inequality Now Top Global Risk, Says World Economic Forum
The chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade, according to over 700 global ...
Brown & Brown to Acquire Flood, Specialty Insurer Wright Insurance Group
Florida-based national insurance broker Brown & Brown, Inc. has agreed to acquire The Wright Insurance Group, LLC for $602.5 million from Aquiline Capital Partners, Wright's lead equity partner. ...
U.N. Report Outlines Climate Change Solutions
Governments may have to extract vast amounts of greenhouse gases from the air by 2100 to achieve a target for limiting global warming, backed by trillion-dollar shifts towards clean energy, a draft ...
Swiss Re Risk Officer Says Uninsured Disaster Losses Are Growing
Natural catastrophes are growing more costly and uninsured losses are increasing, according to David Cole, chief risk officer of Swiss Re Ltd. "When [natural catastrophes] happen, they are more ...
Google’s Buy of Nest Labs Seen Improving Smart-Home Gizmo Connections
Google Inc. is jumping into digital home automation with its acquisition of Nest Labs Inc., shining a spotlight on an unproven market that has so far been filled with expensive devices that can't ...