Industry News
W.R. Berkley Corp. Hires Former AIG Exec Fenster to Run Commercial Transportation Insurance Arm
A former AIG executive has joined W.R. Berkley Corp. to lead a new commercial transportation insurance division backed by data and analytics technology. Jeanne Fenster will be president of Berkley ...
Dutch Agency Warns State-Backed Cyber Espionage Is Becoming Escalating Threat
The Dutch intelligence agency (AIVD) on Thursday warned of the escalating threat of state-backed cyber espionage, saying the Netherlands was particularly vulnerable as a hub for international ...
China Establishes New Insurance Group to Take Over Anbang’s Main Operations
China has created the new insurance group set to take over the main operations of Anbang Insurance Group Co., the once-acquisitive conglomerate that's under state control. Beijing-based Dajia ...
Executives On The Move at AIG and Its Blackboard Insurance Division
American International Group hired an executive to fill the new position of Global Head of Shared Services. AIG's Blackboard Insurance hired someone to be its new head of Growth and ...
Happy National Insurance Awareness Day
Has it really been a year since we last celebrated National Insurance Awareness Day? To properly celebrate the holiday, I have included a few words of appreciation about my favorite industry. Thanks ...
U.S. P/C Net Income Soared by Nearly 70 Percent in 2018, as Cat Losses Dropped
The U.S. property/casualty industry saw its net income grow in 2018 by nearly 70 percent from the previous year, thanks to lower catastrophe losses, favorable development of prior years' loss ...
Swiss Re’s Proposed Spinoff of ReAssure Valued at Up to $4.2B
UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on the London Stock Exchange, its largest shareholder Swiss Re said on Thursday. Swiss Re, ...
Moody’s, Israel’s Team8 Link Up to Create Global Cyber Risk Assessment Standard for Businesses
Ratings agency Moody's Corp and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses are to cyber attacks and create what they hope will become a global ...