Industry News
Aon Announces Leadership Appointments at Benfield, ARS
Aon plc today announced the appointment of Eric Andersen as CEO of Aon Benfield, the firm's reinsurance business, and Mike O'Connor as CEO of Aon Risk Solutions (ARS), the firm's risk management ...
TigerRisk Names Bartell to Head Its UK Retro Desk
TigerRisk Partners, the reinsurance broking and risk/capital management firm, today announced that Martin Bartell has been named head of its UK-based retrocessional and specialty reinsurance ...
Alberta Floods Are Costliest Insured Natural Disaster in Canadian History
Estimated insured property damage caused by last June's southern Alberta floods now exceeds $1.7 billion—making it the costliest natural disaster in Canadian history, according to Insurance Bureau ...
Allianz Global Corporate & Specialty Increases Board Focus on Market-Facing Activities
Allianz Global Corporate & Specialty AG (AGCS) today announced new responsibilities on its management board starting Jan. 1, 2014, that will increase its focus on the delivery of client and ...
Wells Fargo Fails to Win Dismissal of U.S. Mortgage Fraud Case
Wells Fargo & Co. failed to win dismissal of a lawsuit in which the U.S. government accused the nation's largest mortgage lender of fraud by lying about the quality of home loans it submitted to ...
Goldman, Regulator See Demand for Canada’s Insurers to Sell Cat Bonds
Canada's banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters such as the record floods that inundated swathes of downtown Calgary in ...
RRG Gets Downgrade; A.M. Best Pushes Indemnity Ins Corp RRG Rating to B
A.M. Best Co. said Tuesday that it downgraded the financial strength rating of Indemnity Insurance Corporation, RRG to B (Fair) from A- (Excellent). Best also downgraded the RRG's issuer credit ...
ProAssurance to Acquire Workers’ Comp Specialist Eastern Holdings
Medical professional liability insurer ProAssurance Corp. (NYSE: PRA) said it is acquiring monoline workers' compensation insurer Eastern Insurance Holdings Inc. (NASDAQ: EIHI) in an all-cash ...