Industry News
AIG Agrees to Sell Japan Life Business to Hong Kong’s FWD Group
Hong Kong tycoon Richard Li is poised to buy American International Group Inc.'s Fuji Life Insurance Co. business, a deal that marks his FWD Group's first foray into Japanese insurance. AIG will ...
IIS Names Butt, Sumi, von Bomhard as Hall of Fame Candidates
The International Insurance Society has announced the nominees for the 2017 Insurance Hall of Fame. The 2017 candidates are: Michael Butt, Chairman of the Board, AXIS, Bermuda; Shuzo Sumi, Chairman ...
Argo Group’s Planned Ariel Re Buy Leaves S&P Long-Term Ratings Unchanged
Argo Group's planned $235 million acquisition of Ariel Re is drawing the market equivalent of a shrug from Standard & Poor's. S&P said that its long-term ratings for Argo and its related ...
Executives On The Move at Chubb, Allied World, Lockton and More
Allied World brought on two former AIG executives to help run operations in Asia. Chubb named a new executive to lead its Real Estate & Hospitality Industry practice, after the previous executive ...
Drone Makers Shift to Commercial Uses as Consumer Market Crashes
The fledgling drone industry is in the throes of change as weak consumer demand and falling prices drive startups to shift their focus to specialized business applications. 3D Robotics, an early ...
The Latest Launches From BHSI and Everest Insurance
Berkshire Hathaway Specialty Insurance added new employment practices liability coverage. Everest Insurance expanded its environmental coverage offering. *** Berkshire Hathaway Specialty Insurance is ...
Bond Market Sees $1 Trillion Loss Following Trump’s Victory
Donald Trump's stunning victory for the White House may mark the long-awaited end to the more than 30-year bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor ...
Marsh Acquiring UK Broker Bluefin from AXA
Global broker Marsh announced on Monday that it has reached agreement with AXA Group to acquire Bluefin Insurance Group Limited, a subsidiary of AXA UK plc. Although Bluefin had been backed by AXA UK ...