Industry News
AIG Settles with Former Exec Before $274M Pay Trial
American International Group Inc. has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008. The settlement came as ...
Catastrophe Bond Issuance Surges to 15-Year High, Willis Says
The issuance of catastrophe bonds surged to the highest level since 1998 in the third quarter amid increasing demand from institutional investors searching for yield, Willis Capital Markets & ...
82% of P/C Insurers Using Predictive Analytics: Earnix/ISO Research
A survey of North American insurance professionals reveals widespread use of predictive analytics in the property/casualty insurance industry, with as many as 82 percent responding that they use ...
‘Neutral-to-Challenging’ Market Ahead: Endurance CEO Charman
Even though Endurance Specialty Holdings will operate in a "neutral-to-challenging" insurance market over the next few years, the refocused organization will be able to compete on "relevance" rather ...
FTI Consulting Bolsters Global Insurance Practice
FTI Consulting, Inc., a global business advisory firm, announced the expansion of its global insurance practice through the addition of 41 professionals, including two senior managing directors and ...Willis Places Catlin $300M Cat Bond
Willis Capital Markets & Advisory the capital markets and advisory business of Willis Group Holdings, the global risk advisor, insurance and reinsurance broker, announced that it has structured ...
Hannover Re Quarterly Profit Falls as Investment Income Drops
Hannover Re, the world's third-biggest reinsurer, said third-quarter profit fell 23 percent on lower investment income, beating analysts' estimates. Net income fell to 205.5 million euros ($277 ...
Force-Placed Insurance Curbed by Regulator of Fannie, Freddie
Servicers of mortgages backed by Fannie Mae and Freddie Mac can no longer place insurance on homes and then accept compensation from the insurers providing the policies, the U.S. Federal Housing ...