Industry News
Top 10 U.S. Aircraft Insurers: SNL
American International Group Inc. (AIG) has been reported to be the lead insurer for the recent Asiana Flight 214 tragedy in San Francisco. AIG's role is not surprising, given its presence in Asia ...
Lloyd’s Insurer Advent Names Fitzgerald CEO
Lloyd's insurer Advent has named Nigel Fitzgerald as chief executive officer. The company said the appointment completes his planned transition to the CEO role since Fitzgerald's arrival at Advent in ...
Insurers Serving Fresh Supply of Political Risk Coverage for Uncertain World
Tourism, manufacturing and resources companies surveying an unpredictable world are increasingly having to consider insurance against political risks, and the insurance industry is gearing up to ...
Colombian Insurer Seguros Colpatria Looking for Buyers: Report
Seguros Colpatria SA, a Colombian insurance provider, is weighing a sale that may fetch $500 million, said people familiar with the matter. Seguros Colpatria, which provides fire, earthquake, ...
Dodd-Frank Rules Should Be Mostly Complete By End of 2013, Say Regulators
Dodd-Frank Act measures designed to prevent a repeat of the global credit crisis will be largely complete by the end of this year, financial regulators plan to tell lawmakers at a hearing today on ...
XL Among Insurers of Railway Involved in Deadly Quebec Explosion
XL Group Plc said it's among the insurers of the railroad involved in Canada's worst train disaster in 27 years. XL "can confirm that we are an insurer of the Montreal, Maine & Atlantic Railway," ...
Texas Taxpayers Off Hook for Unfunded Losses of Windstorm Plan, Says AG Abbott
Texas' attorney general says the state is under no obligation to pay outstanding claims for the insurer of last resort for coastal properties should that organization not have sufficient funds to pay ...
Chubb Estimates Q2 Cat Losses at $240M
The Chubb Corp. estimates that catastrophe losses in the second quarter will be approximately $240 million before tax, or $156 million after tax ($0.60 per share after tax). The company said that ...