Industry News
AIG Hires CMO From Goldman Sachs
American International Group Inc., the company that repaid a $182.3 billion U.S. bailout last year, hired David May from Goldman Sachs Group Inc. to help revive the insurer's brand. May, 54, was ...
Tower Group to Release 2Q in Early October; Reserve Adjustment Under Wraps
Tower Group International, Ltd. announced Tuesday that it plans to release its second-quarter 2013 financial results during the week of Oct. 7. The announcement said the company does not expect to ...
PwC to Build Insurer Risk Group After Hiring Essert
PricewaterhouseCoopers LLP's Henry Essert is building a group that consults with insurance companies on risk management as regulatory scrutiny intensifies, after joining the firm from BlackRock Inc. ...Goldman-to-Soros Backed Mortgage Insurer Essent Files for IPO
Essent Group Ltd., a mortgage insurer backed by investors including Goldman Sachs Group Inc. and George Soros, filed for an initial public offering as investors pour capital into companies that ...Henderson Plans $623 Million of Offices in London Insurance Hub
Henderson Global Investors Ltd., the manager of $108 billion in assets, plans to build an office complex capped by a 34-story tower in the City of London financial district as developers tap the ...
Loeb Reinsurer Faced SEC Push to Improve Investment Disclosure
The U.S. Securities and Exchange Commission pushed a reinsurer co-founded by billionaire hedge fund manager Dan Loeb to provide more information about investments ahead of last month's initial public ...
Wrecked Cruise Ship Costa Concordia Raised off Rocks in Italy
Salvage crews completed raising the wreck of the Costa Concordia in the early hours of Tuesday morning after a 19-hour-long operation on the Italian island of Giglio where the huge cruise liner ...
Fitch Upgrades CNA’s Ratings to A; Outlook Stable
Fitch Ratings said Monday that it upgraded the insurer financial strength ratings of CNA's property/casualty insurance subsidiaries to "A" from "A-minus," explaining that steady improvements in ...