Industry News
QBE North America Names Dziadzio CFO
Richard Dziadzio has been appointed chief financial officer for QBE North America. Dziadzio, who has 25 years experience in the international insurance and finance sectors, will assume his new role ...
Court Says Insurers Can Probe Whether Rogue MF Global Trader Was Employee
An American International Group Inc. unit and other insurers can probe whether a "rogue trader" was an employee of MF Global Holdings Inc. as part of a lawsuit over liabilities for losses tied to the ...AIG to Merge Japanese Units Fuji Fire, AIU
American International Group Inc., the insurer that repaid a U.S. government bailout last year, announced plans to merge two insurance units in Japan. AIU Insurance Co. and Fuji Fire & Marine ...
MetLife Nears Systemic Financial Institution Risk Tag
MetLife Inc., the largest U.S. life insurer, was moved to the last stage of a regulatory review that may impose extra Federal Reserve oversight. The Financial Stability Oversight Council, a group of ...
Loeb’s Third Point Reinsurance Files For U.S. Public Offering
Third Point Reinsurance Ltd., which counts hedge-fund manager Daniel Loeb as a founding shareholder, filed for a U.S. initial public offering to help it expand underwriting and increase investments. ...
MTA Plans Cat Bond Sale Linked To Storm Surge, S&P Says
The Metropolitan Transportation Authority plans to use bonds designed to help New York City's subway operator guard against storm surge damage after suffering $4.8 billion in wreckage from Hurricane ...
RMS Hurricane Model Update Coming; Lower Risk Indications Expected
When RMS releases an update for the catastrophe modeling firm's North American Hurricane model later this month, lower loss exposure estimates are expected, according to a representative of the firm. ...
Airline Insurance Premiums Continue to Fall: Willis
Insurance premiums for airlines continued to go down during the first half of this year in what remains a buyers' market, according to a report by Willis Group Holdings. The loss of an Asiana B777 ...