Industry News
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 ...
State of Core Solutions Transition: Which Tech Priorities Are Being Carried Out?
Presented by Majesco
You have two watches. Your first watch is analog. It has dials, gears, crystals and movements. It is a machine...
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, ...
Top Insurance Product News of 2013: Cloud Computing
Cyber liability coverages dominated the insurance product news cycle again in 2013, but one segment of this risk insurers are still grappling with how to insure is cloud computing. The real story ...
Zurich Insurance Names AIG’s Dickie Chief Operations Officer
Zurich Insurance Group AG, the biggest Swiss insurer, appointed Robert Dickie as chief operations and technology officer, filling the last open position after a string of executive departures. ...