Industry News
RSA Insurance Finds Irish Unit’s Bonuses Overly ‘Aggressive’
RSA Insurance Group Plc is reviewing its compensation structure after the British insurer found that bonuses at its Irish division may have been "too aggressive." The London-based insurer fired RSA ...
RSA Insurance Fires Execs After Probe Shows Inaccurate Reporting
RSA Insurance Group Plc fired two executives in Ireland after a PricewaterhouseCoopers LLP probe found that inappropriate collaboration by managers at the division resulted in inaccurate financial ...AIG Extends Tax Asset Protection Plan by 3 Years
American International Group Inc. extended by almost three years a plan designed to protect the value of deferred tax assets that limit payments to the government that bailed out the insurer. The ...
Fairfax to Buy $250M More BlackBerry Debentures; Markel Also a Backer
Fairfax Financial Holdings Ltd will buy another $250 million worth of BlackBerry Ltd's convertible debentures, the companies said Wednesday, providing the struggling smartphone maker with much-needed ...Validus Holdings, Ltd. Announces AlphaCat 2014, Ltd. SPV
Validus Holdings, Ltd. announced Wednesday that it has joined with other investors in capitalizing AlphaCat 2014, Ltd. and has fully deployed its capital. AlphaCat 2014 is a special purpose vehicle ...
Economic Losses from Europe’s December Windstorms Put at $2.25B
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, said that Windstorms Xaver and Dirk could combine to cause more than $2.25 billion in economic damages ...
The Results Are In: Agents Rate the Top 10 P/C Carriers
Compiling results of surveys of nearly 7,000 agents conducted over the course of 2013, a consulting firm published a list of the top-10 property/casualty carriers in January, with Sheboygan, ...RMS Conducts Risk Analysis for QBE’s $250M VenTerra Re Ltd. Cat Bond
Catastrophe modeler RMS announced Tuesday that the company conducted the risk analysis for a new catastrophe bond issued by VenTerra Re Ltd, a special purpose vehicle for investors. The bond, ...